SCCF recently assisted the Splendid Hospitality Group in its latest acquisition. The deal saw Splendid Restaurants (Harland) Limited acquire 22 KFC restaurants in Birmingham and the North East, together with 5 associated freeholds, from Kentucky Fried Chicken (UKI) Limited as part of the wider refranchising of around 180 stores undertaken by the
franchisor.
The Splendid Hospitality Group is one of the UK’s fastest growing privately owned hotel and hospitality groups whose portfolio spans from London to Bristol to Scotland. Splendid first entered the KFC brand in Spring 2017 in another deal advised on by SCCF; the latest acquisition brings Splendid’s restaurant numbers to more than 40.
Smith Cooper’s role included reviewing the performance of the target restaurants and providing detailed commentary on Splendid’s forecasts to its board and its funder. Smith Cooper have deep sector knowledge in the food and beverage sector and have, over the last 15 years or so, become leading advisers in the QSR and franchise sub-sector. This knowledge enabled us to provide valuable insight into the target stores’ historic, current and comparative performance against KFC norms.
Splendid’s CEO, Stuart Bailey, commented on Smith Cooper’s work saying “many thanks for your assistance
and speed of service……….superb!
