Experienced operator acquires popular Essex convenience store through Christie Network
Specialist business property adviser, Christie & Co, is pleased to announce the sale of Cheers Store & Off License, in Harwich, Essex. Funding for the purchaser was secured through Christie Finance.
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Ideally positioned on the main road leading through Harwich, the store benefits from local and passing trade, and provides surrounding residents with a variety of convenience items and essentials.
The popular store has been owned and operated by Mahesh Mistry for the last 17 years, who recently sold to focus on his other remaining business as he plans his retirement. He comments on the sale, “Thank you to Lewis and the Christie & Co team for managing our sale. It wasn’t always easy but I felt Lewis was there to advise on each important step. I wish the buyer all the best for the future.”
Following a significant amount of interest, with 28 viewings and 6 offers, the business was acquired by experienced operator, Gokhan Kaygisiz, who plans to re-fit the store and give it a new lease of life.
Lewis Last, Senior Business Agent at Christie & Co who handled the sale, comments, “It was great to collaborate with highly motivated clients, legal professionals, and Neil Collins from Christie Finance. Together we were able to overcome several unforeseen obstacles within the deal. Many congratulations to Mahesh and his family who now look forward towards retirement following this completion. For Gokhan, this is a great acquisition, and I am excited to see him implement his ideas to take the business forward.”
Neil Collins, Senior Consultant at Christie Finance, comments, “I am really pleased to have brokered this deal for Gokhan. There were a number of hurdles along the way, however, working alongside Lewis, the lender and Gokhan himself we were able to move quickly and drawdown in a timely manner. I look forward to working with Gokhan on his next deal.”
Niamh Toman, Junior Corporate Communications Executive
P: +44 7768 646 984 or E: Niamh.toman@christie.com
Contact the agents:
Lewis Last, Senior Business Agent – Retail
P: +44 7526 175 851 or E: lewis.last@christie.com
Neil Collins, Senior Consultant – Christie Finance
P: +44 7548 705 370 or E: neil.collins@christiefinance.com
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