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Latitude 53 Degrees has Been Sold Thanks to Kings Business

31st January 2020

Latitude 53 Degrees has Been Sold Thanks to Kings Business

Kings Business are pleased to announce the sale of this bustling cafe in Mold, Flintshire.

Occupying a prominent trading position in the heart of the town centre, this popular café receives a substantial amount of repeat custom.

Over time this business has developed strong relationships and deep roots within this rural town, consolidating its excellent reputation.

Having been run by the highly professional previous vendor, this cafe has benefitted greatly from regular investment. It has also received expert direction from this experienced vendor.

They reached the decision that it was time to focus on new business opportunities.

The vendor felt that they had completed a successful and rewarding career, and they wanted to make a change.

They decided it was time for a fresh sector operative to take control of the business.

They approached the expert brokerage service of Kings Business to handle the sale of this reputable business.

Kings Business were honoured to place it onto the market, where it subsequently generated a substantial amount of interest.

After receiving 3 eager viewings and 2 generous offers, the cafe transitioned to new ownership.

It was acquired by a keen first-time buyer, wishing to run their own cafe. They were drawn to this business by the fact that it is an established business and is ready to trade, having already consolidated a good reputation within the community.

They wish to continue operating the cafe to the high standards that it’s loyal client base are accustomed to.

The vendor commented;

“I was impressed with the service received from Kings Business. Steve kept me updated regularly regarding the progress of my sale and helped to keep the transaction on course for completion.”

The buyer commented;

“I am very satisfied with the service I received. I am overjoyed with my purchase and I am looking forward to redecorating, rebranding and continuing running the café.”

Lead Negotiator Stephen Croft commented; 

“I was very happy to complete this sale for the buyer and the vendor as an earlier deal did not progress. It was great to be able to assist bringing everything together for both parties.”

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