AN INTRODUCTION TO AMACOR AMACOR Capital’s strategy for growth is focused upon the clear consolidation opportunities that exist in the convenience sector of retail. Multi-million pound backing has been secured for AMACOR by JKA Investments ltd, the Amphlett family’s Isle of Man based Investment Company. Chairman, Kevin Amphlett, is wholly committed to funding what he recognises as an opportunity with parallels to his previous insurance business. VISION FOR GROWTH AMACOR’s plans for expansion are ambitious, with a minimum target of a new store being acquired or opened every month. Our financial goals are to deliver a rolling EBITDA of £5m based upon turnover of CIRCA £60m by the financial year 2023/24. TARGET MARKET The firm are seeking to acquire independent retail convenience stores with turnover (excluding services) of at least £25,000 per week, particularly where there are prospects for an upside in profits post acquisition. Larger stores or groups of stores are also being actively sought. Average turnover per store is forecast at £20,000 per week. A STRAIGHTFORWARD APPROACH AMACOR understand that many of the vendors in this market are running lifestyle businesses, it’s their first time selling a company and they are, as a result, naturally anxious regarding the sales process. This market, therefore, dictates an upfront, honest and speedy approach to the acquisition procedure. With this in mind, heads of terms are drafted at outset detailing the key points of the sale, making the path to completion clear for all parties.
