Osprey Stores sold to ambitious first-time buyer
2nd June 2020
This lucrative convenience store in Newport, Shropshire has been sold by Kings Business.
Once established, Osprey Stores quickly cemented itself as a cornerstone of its local community, forging a strong relationship with its extensive and deeply loyal customer base.
One of the core strengths of this enticing opportunity is its location, occupying a prominent two-story premise in a populated residential area. As a result, the shops benefits from an enviable level of regular footfall, in addition to a roaring trade with the local residents.
Osprey Stores is renowned by its customer base for offering a wide variety of goods at a competitive price, stocking a wide selection of print publications, convenience and frozen foods, confectionary, soft drinks, traditional beers, wines, spirits, tobacco, and Lotto.
After 27 years of successfully operating and growing the convenience store, the previous owner decided now was the perfect time to enter retirement and place Osprey Stores onto the market. Recognising Kings Business as the foremost brokerage in the retail and licence sector, we were formally instructed to facilitate the sale. After only a single viewing, the business was promptly sold.
The purchaser of the business, a first-time buyer with experience in the sector, cites the fantastic business location and attractive price as the key influences for their acquisition. Moving forward, the new owner now seeks to maintain the shops excellent reputation by continuing to offer a wide variety of products with friendly customer service.
The vendor commented;
“My experience with Kings has been very pleasing, I would recommend to friends and family looking to sell their business, Steve has been excellent, the sale wouldn’t have gone through if it wasn’t for Steve, thank you!”
The buyer commented;
“The experience with Kings has been very good, Steve & Sophie have been very helpful as I am a first time buyer, I would recommend Kings business if you are looking to buy a business as the staff will help and guide you.”
Lead negotiator Steve Croft commented;
“I am delighted for the vendor and buyer that the sale of the business now completed, particularly in these challenging times. I am especially pleased I was able to assist with overcoming certain conditions and by liaising with the buyers financial advisor. This sale really showed the benefits of good communication between all parties.”