An award-winning Devon restaurant and farm shop has expanded with a new acquisition.
Otterton Mill, based in Budleigh Salterton has purchased Powderham Farm Shop & Bistro, for an undisclosed sum.
Situated on the Powderham Castle Estate, on the banks of the Exe Estuary in South Devon, the 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. They were advised by law firm Trowers & Hamlins.
Read more: Restaurant chain Loungers expects to create 1,000 jobs this year
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."
Mr Wright added: "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.
Most Read
"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."
Charles Darrow, the property agents who facilitated the sale, expressed their delight at bringing together both parties. "It has been a pleasure working with the Wrights and Tom and Leanne Klinkenberg to finalize this deal," said Paul Heather, Director of Charles Darrow.
"We believe that Chris & Carol's dedication and vision, coupled with the strong foundation laid by the Klinkenbergs, will undoubtedly lead to even greater success for Powderham Farm Shop and Bistro."
Like this story? Why not sign up to get the latest South West business news straight to your inbox.