FranchiseKey:
Henderson Food Service, a leading foodservice business in Northern Ireland and a division of the Henderson Group, has announced the purchase of The Streat. The Streat was originally founded by Michael and Nikki McQuillan in 1999 – a pioneering franchise café chain which now has 37 outlets across N. Ireland, the Republic of Ireland and Scotland. According to the information provided, the franchise network has an annual turnover in excess of £8 million and enjoyed consistently strong growth.
Damien Barrett, Managing Director, Henderson Foodservice, explains, “The Henderson Group has extensive experience in the franchise business through the Spar and Vivobrands and it is an area in which we have actively sought growth opportunities. The Streat offers an attractive proposition as a very successful and well run business whose company ethos and ambitions echo our own. As a local wholesaler we see this as a very positive investment in a local brand which will bring mutual benefit. Henderson’s will add value to The Streat through our property skills, buying power and foodservice expertise whilst The Streat will bring an exciting new dimension to our overall business and help expand our franchise portfolio. As well as stand-alone cafes, at present we have two Streat franchises within Spar stores and we will continue to explore this as a collective opportunity.â€