Marsden Caterers of Sheffield sell KFC franchise to Marz
Marsden Caterers of Sheffield has sold its KFC franchise worth £17 million to family business Marz run by Raja Adil for an undisclosed amount. The decision to sell the franchise that has been in operation since 1980 and has 14 outlets across the Midlands and South Yorkshire, including restaurants in Mansfield and the UK's largest KFC drive-through restaurant based in Glasshoughton, West Yorkshire, was made after Marsden Caterers Managing Director announced his retirement.
Richard says: 'I have brought the company a long way since 1980 and I am delighted that the new owner Raja Adil will continue Marsden Caterers work in ensuring a secure and dynamic future involving exploitation of existing store development opportunities.'
Marsden Caterers sought advice on the sale from John Farnsworth and David Crump of Smith Cooper Corporate Finance, a division of Smith Cooper an advisory firm. Raja says: 'My family have been in the fast food industry for 30 years and I already operate 13 KFC franchises in the Midlands. By purchasing this KFC franchise from Marsden Caterers I have doubled the number of franchises in my operation in one stroke and at the same time have extended the geographical spread of my business. I now have a business with a combined turnover of more than £40 million and look forward to developing the business further with the existing management team in place.'