Sale Leasebacks Offer Grocers Growth Capital, Options
December 19, 2022 – SLB Capital Advisors shared thoughts with Today’s Grocer regarding the utility of sale leasebacks in the grocery space
- Malik Franklin, Partner at SLB Capital Advisors, shared thoughts with Today’s Grocer regarding the utility of sale leasebacks in the grocery space.
- “Some grocers use the proceeds [from a sale leaseback] as a de-levering tool to pay off debt which reduces interest expense. Other grocers invest the proceeds in growth opportunities, such as enhancing online offerings or building out new locations.”
- “Grocers often struggle with the thought of giving up control of an owned property that is core to the business. However, a long-term lease offers owners essentially the same control they have in an owned-store scenario.”
- Read the full article here