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Coffer Corporate Leisure

Sale & Leaseback

Coffer Corporate Leisure has advised numerous operators and investors on how to best extract value from their portfolios of freehold or long leasehold leisure properties through sale & leasebacks.

These were traditionally structured by assessing rental values on a value per square foot basis. However, the more sophisticated operators and property investors now increasingly take into account the long term sustainability of rent.

Unlike many pre-recession deals, they look closely at the rent cover as a multiple of profits generated by the business operating out of the property. The more secure the income, the more the rent cover can be optimised increasing the capital payment to the operator from the landlord investor.

Our strong understanding of underlying property values, rent cover and covenants as well as the process involved are crucial in achieving best value for the seller and a smooth transaction that is acceptable to the buyer and its funders.

Coffer Corporate Leisure has advised some of the largest operators in the leisure sector on sale and leasebacks including LA Fitness, Inventive Leisure and Faucet Inns.

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