On behalf of the Joint Administrators to Fat Cat Café Bars Limited, Tyrone Courtman and Nick Edwards of Cooper Parry, Colliers International has completed the sale of the business and assets of the former Fat Cat Cafe Bars in central Nottingham and Derby to an established East Midlands operator. Only the freehold and Fat Cat business in Leicester remain available from the original portfolio of 12.
Tyrone Courtman, Head of restructuring at Cooper Parry commented: “The Fat Cat Café Bars are exceptionally popular venues in Nottingham and Derby and we are pleased to have been able to facilitate the successful sale of two of its branches. They will help us go some way towards preserving the businesses and jobs in the cities as well as enabling us to deliver a return to the company’s principle creditors in the case, which is very pleasing.
Buyer Eddie Rathaur added, “These two fantastic, well known venues complement our existing portfolio in the East Midlands. We have great plans for both Bars, building on their reputations as key parts of the city centre leisure sector”.
Four Fat Cat Café Bars have now passed into new ownership including one sold to Stonegate. James Shorthouse, Head of Licensed and Leisure at Colliers International, said,
“After strong interest in the portfolio the only remaining property is Leicester which is which is a great opportunity for owner occupiers or investors who wish to partner a potential operator.”