Suffolk village convenience store sold to experienced retailers through Christie & Co
Specialist business property adviser, Christie & Co is pleased to report the sale of Mace Store & Cheveley Post Office near Newmarket, Suffolk.
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Situated in the idyllic village of Chevely on the outskirts of Newmarket, the traditional convenience store and post office is within the heart of the local community and benefits from loyal trade.
The store has been owned by brothers Harj & Jin Dosanjh for over seven years, who has sold it to focus on other investment opportunities. They comment, “We decided to sell the business after several years to focus on other investment opportunities. We have every confidence the buyers will continue to grow the business and support the local community. Finally, we would like to thank Christie & Co for the handling of our sale.”
The business has been purchased by an experienced retailer and existing postmaster, Mr Harry Sidhu, who adds this store to his portfolio of two other successful stores. He plans to grow the business’s well-established trade. He comments, “We are pleased to acquire this business and add it to our portfolio. We are looking forward to familiarising ourselves with the residents before looking to implement new ideas. Thank you to Lewis for his assistance on this purchase.”
Lewis Last, Senior Business Agent at Christie & Co who handled the sale, comments, “I am really pleased for my seller Harj and is wife, who for many years have taken a very hands-on approach with the store. For the short term, I understand they will be taking a break before looking at future investments/projects. I wish them all the best.
“There is potential for the new owners to grow the turnover, whether it be a shop re-design, further promotional stock, or extending the opening hours. I am excited to see the new buyers implement their ideas and look forward to catching up with them in the future.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 72270794 or E: bronte.hughes@christie.com
Contact the agent:
Lewis Last, Business Agent
P: +44 7526 175 851 E: lewis.last@christie.com
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