Established convenience store in Great Yarmouth sold through Christie Network
Specialist business property adviser, Christie & Co has successfully completed the sale of a Londis branded store in Great Yarmouth, Norfolk. Funding for the purchaser was secured through Christie Finance.
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The high-turnover store is located in the resort town of Great Yarmouth and has been owned and operated by Justin Fenn for the last 20 years. Justin sold the business as he plans to retire.
Following a confidential sales process, the store has been acquired by Mr Kesavan, an experienced local forecourt operator. Mr Kesavan, who intends to build on the existing trade of the business, comments, “I would highly recommend going through the Christie & Co business group; the whole team was really helpful from the start to the end. Thank you to Lewis, Lawrence and Jaya for their help with purchasing this business.”
Lawrence Roberts from Christie Finance comments, “It was a pleasure to support Mr Kesavan on this purchase and the competitive high street terms that we were able to source indicate that lenders are still happy to support such an important sector. Mr Kesavan has plans to put his stamp on the business after the previous owner’s input, and I believe he will be a great success! I wish Mr Kesavan all the best and I look forward to visiting the store in the near future.”
Lewis Last, Senior Business Agent at Christie & Co who handled the sale, adds, “I am extremely proud and pleased to have brokered the deal on this impressive, high turnover convenience store. It quickly became clear that Justin had invested a lot of time and effort into the store - looking after his customers and achieving the desired result whilst maintaining a level of confidentially was imperative. I am also delighted for Mr. Kesavan and confident that with his local knowledge and retail experience he will continue to build on Justin’s great work.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7448 8849 or E: bronte.hughes@christie.com
Contact the agent:
Lewis Last, Senior Business Agent – Retail
P: +44 7526 175 851 or E: lewis.last@christie.com
Lawrence Roberts, Regional Director – Christie Finance
P: +44 (0) 7702 809 566 or E: Lawrence.roberts@christiefinance.com
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