Unopposed convenience store in Congleton sold through Christie & Co
Specialist business property adviser, Christie & Co has sold the Premier-branded Hightown Convenience Store in Congleton, Cheshire to an existing operator from Leeds.
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This well-established convenience store enjoys a prominent trading position in a densely populated residential area of the town. With no immediate competition, the business is heavily relied upon by the local community and generates steady trade levels as a result.
Within two weeks of launching to the market, Christie & Co’s marketing process generated 16 initial enquiries which resulted in seven viewings and eight offers from four separate parties. The store was eventually sold well above asking price, exceeding the vendors expectations.
Ashley Cobban, Senior Business Agent – Retail at Christie & Co, who managed the sale, comments, “This is a high turnover, very low rent, leasehold convenience store – a combination which makes for a very profitable shop. We were able to generate a great amount of competitive tension between interested parties and achieve a great result for the sellers, the Archer family. We wish them all the best for the future, and the new owner, who prefers to remain unnamed, the best of luck with taking the business forward.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Ashley Cobban, Senior Business Agent - Retail
M: +44 (0) 7714 138 987 or E: ashley.cobban@christie.com
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