Trowers & Hamlins has advised the owners of award-winning Devon restaurant and farm shop Otterton Mill on the acquisition of Powderham Farm Shop & Bistro.
Situated on the Powderham Castle Estate, on the banks of the Exe Estuary in South Devon, the well-established and renowned farm shop and bistro is complete with in-house butchery, delicatessen, and post office. The new owners, Chris and Carol Wright, have acquired Powderham Farm Shop & Bistro from its previous owners.
Lynne Rathbone, Corporate Partner at Trowers & Hamlins said:
"This is a strategically important deal for Chris and Carol, which significantly expands and diversifies their business holdings. We are pleased to have advised them on this matter and wish them every success with the broad opportunities that this acquisition opens up for them. Trowers & Hamlins is always proud of the work we do to support local businesses."
Commenting on the acquisition, Chris Wright said:
"We have a deep appreciation for local produce and the heritage of Powderham Farm Shop and Bistro. Our goal is to continue providing the highest quality products while introducing innovative ideas that enhance the overall customer experience. We are committed to ensuring that Powderham Farm Shop and Bistro remains a thriving hub for food enthusiasts and visitors to the castle. Our thanks go to the teams at Trowers, and accountants Bishop Fleming for their first-class, timely advice."
The deal completed with lawyers from multiple Trowers specialisms including Corporate (Jonathan Holloway and Luke Cummings), Real Estate (Kelly Brown and Ellice Sparks), Employment (Tom Stephenson and John Turnbull) and Data Protection (Matt Whelan). Further professional advice and support was provided from James Fisher (Senior Corporate Tax Manager) and Hazel Tucker (Accountancy Partner) of Bishop Fleming.
Hazel Tucker, Accountancy Partner at Bishop Fleming added:
"We are thrilled to have provided Chris and Carol with accounting, tax and business structuring advice for this business acquisition and wish them every success with their continued expansion plans."
For further information about Powderham Farm Shop & Bistro visit: https://www.powderhamfarmshop.co.uk/
