Birketts has advised J&J Restaurants Ltd. on the purchase of two KFC restaurants in Essex: 10 High Street, Colchester and the Clock House, Broomfield Road, Chelmsford. The deal value was not disclosed.
J&J Restaurants Ltd already operates multiple KFC stores throughout the region via a subsidiary company – Kefco Sales Ltd. Plans to open a further four outlets in the same area over the next three years have also been announced with Kefco Sales Ltd entering into a development agreement with KFC GB.
Top 100 law firm Birketts advised on all legal matters with Ed Savory, Legal Director and Head of Franchising, leading the transaction with overall responsibility resting with Adam Jones (Partner, Corporate) and assistance provided by Matthew Grindley (Senior Associate, Commercial Property).
Huw James, Managing Director at Kefco Sales Ltd, commented: “We selected Birketts to advise us as we wanted to work with lawyers who had an in-depth knowledge and understanding of the world of franchising as well as expertise in corporate transactions.”
Ed Savory, Legal Director and Head of Franchising at Birketts, said: “The experience of our dedicated Franchising Team in advising multi-unit operators with support from our wider Corporate Team which includes experts in intellectual property and brand protection, dispute resolution, commercial property, commercial services and employment, means we are well placed to assist our multi-unit franchise clients with all their legal needs.”
Birketts’ Banking and Finance Team also advised HSBC on the funding side of the transaction via a revolving credit facility with legal advice provided by Greg Allan (Partner), Lottie Fletcher (Associate) and Arwa Salman (Solicitor).
The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at October 2017.