Terra Firma, the private equity fund owner of the Wyevale Garden Centre chain is seeking a buyer. There are 145 garden centres across the UK operating from sites ranging from one to 108 acres which, Terra Firma says, are profitable standalone business opportunities. Wyevale began as a mail order nursery in 1932 before opening of the UK’s earliest garden centres in 1966. It now employs a total of 6000 people across its sites. These house 144 food outlets and 700 concessions.
Christie & Co is advising on the sale and its managing director for retail Steve Rodell said: “The garden centre market is vibrant and on an upwards trajectory. In recent years garden centres have become much more than just places to buy plants, evolving to become wider leisure and retail destinations. The sale presents a unique opportunity for a wide range of buyers from financial institutions, existing garden centre operators, independent business people and entrepreneurs to buy well invested local garden centres within the price range of £200k to £35 million.”
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