Costa Coffee franchisee Goldex Investments sells sites to AM Coffee
Sold stores were in shopping centres and high streets in Surrey.
UK-based franchise store operator Goldex Investments has completed the sale of 14 out of their 60 Costa Coffee stores to AM Coffee Holdings for an undisclosed amount.
The stores that were part of the sale were all owned by subsidiary, Goldex (Surrey) and operate stores in shopping centres and high streets in the Surrey area.
AM Coffee Holdings Ltd is owned by Ajaz Mirza and Ahsan Munir, businessmen with multiple business interests including, until recently, the operation of Domino’s franchises in the London.
Owned by Diljit and Satnam Brar, Goldex Investments currently operates the Kaspas desserts brand along with Costa Coffee.
Smith Cooper Corporate Finance acted as lead deal advisers, with the team comprising of John Farnsworth and David Crump who have experience in the franchise and food and beverage sectors.
“We are delighted to see this recent transaction completed for all parties, and welcome Ahsan and Ajaz to the Costa Partnerships team," Head of Partnerships at Costa, Roger Welsh, said. "Costa have worked with Smith Cooper over the past few years on several Partner sale transactions. John and David are professional, always keeping all the parties involved informed and up to date with progress in a timely fashion."
