Cats Eye Trading, a South East-based Costa Coffee franchise operator, has been sold to an experienced franchise entrepreneur in a deal initiated and project managed by Smith Cooper.

Ian King, shareholder of Cats Eye Trading Limited, which operates a cluster of Costa Coffee franchise stores in high street locations in Surrey, sold to Kashgroup Trading Limited which is owned by experienced entrepreneur Kash Jaffar, an operator of Budgens and Pizza Hut Delivery franchises.

John Farnsworth commented: “we are delighted to have secured a successful exit for Ian King who has enjoyed 12 years in the Costa system. In this time, Cats Eye built an excellent reputation for high operating standards and customer care. The acquisition forms a strong platform for expansion for Kashgroup, which is a new entrant to the Costa brand.”

Ian King praised Smith Cooper’s service, commending “the excellent support, expert advice, determination and perseverance of the Smith Cooper team” in delivering his exit.