Starbucks franchisee 23.5 Degrees expands with latest Little Chef acquisition
The former roadside Little Chef restaurant will now re-open and trade as a Starbucks coffee shop shortly, and will become 23.5 Degrees’ 26th site as part of the group’s aims to acquire further licensed businesses throughout the South and South West England.
The company first began operating in the UK in 2007, with a view to expanding further, drive growth, and push up national profitability of the brand, especially in light of the company's then-controversial tax arrangements.
Property advisor Christie & Co worked on the latest deal.
Richard Wood, licensed agent in Christie & Co’s Winchester office, said: “We are delighted to have facilitated the sale to such a recognised and well-respected brand. We have no doubt that it will make a fantastic success of what is a great trading position.”
As the UK's first Starbucks franchise, 23.5 Degrees has been allocated the areas of Oxfordshire, Berkshire, Surrey, Hampshire, Wiltshire, Cambridgeshire, Norfolk, Hertfordshire, Essex and Dorset as well as 23 boroughs within the Greater London area. The company has previously worked in the food service franchise sector already, including with the brands Domino’s Pizza, Burger King, Costa Coffee, and KFC.
