Spar branded convenience store in Edzell sold to first time buyers
Specialist business property advisor, Christie & Co is delighted to report the sale of Spar Edzell, a profitable store in the picturesque village of Edzell, Scotland. Funding for the new owner’s purchase was secured through Christie Finance.
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The store has been owned and operated by Caroline Hamilton for over 12 years and came to the market as the she felt the right was time to pass it onto a new operator, with the shop in a healthy state.
Caroline comments on the sale, “I’m delighted to have successfully sold my business with the help of Christie & Co. I had previously marketed the business locally, but the interest increased once they were on board, and I was able to achieve a better price. Huge thanks in particular go to Liam Bain, my agent, who kept me up to date and helped the buyer put the necessary purchase requirements in place to ensure the sale went through."
The store has been purchased by Mr Sekar, who comments, “I was running a franchise business in Aberdeen when I came across an advertisement about the Spar in Edzell on the Christie & Co website. I approached Liam to discuss the possibility of buying this business and he was very helpful throughout. Stephen McConalogue, Associate Director at Christie Finance, gave his full support to arrange finance for my business.
“I highly appreciate both Liam and Stephen for doing a great job and would recommend the Christie & Co network to anyone looking to purchase a business.”
Stephen McConalogue, Associate Director at Christie Finance, who secured the funding for Mr Sekar to complete his purchase, comments, “I’m extremely pleased to have helped another first-time buyer achieve his dream of owning his first convenience store with market leading rates, not directly available from the high street lenders. I wish my client all the success for the future.”
Liam Bain, Business Agent who handled the sale comments, “This was a fantastic opportunity to acquire a freehold business that is heavily replied on by the local community, with an offer being accepted weeks after it initial came to market. With its scope to increase turnover further, we would like to wish the new owner all the best.”
Spar Edzell was sold at an undisclosed price.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Liam Bain, Retail Business Agent – Scotland
M: +44 (0) 07732 602 268
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