Knightsbridge Business Sales announces sale of convenience store and off licence

Thurnby Express is an established convenience store/off licence which has been under the ownership of our clients since 1985 who decided to offer it up to the market in order to retire.

The business has steadily developed an enviable reputation, resulting in a large local loyal customer base and high amounts of repeat custom. Much of the store’s trade is generated from the surrounding densely populated area as well as high footfall and passing trade from daily commuters.

The shop supplies a wide range of goods, including frozen foods, dairy products, newspapers and magazines, fresh bread, fruit and vegetables and general household goods, as well as being an off-licence.

The eventual acquirer, private buyer Mr Ashis Sisodia, found the business through one a third party website utilised by Knightsbridge. The new owner will continue to trade through the store as an owner run business.

The business was sold less than 6 months after being placed onto the market. Two offers were received within one month and the eventual deal was to the value of £240,000.

Gemma Moss of Knightsbridge Business Sales headed up negotiations on behalf of our clients and would like to wish Mr and Mrs Patel a very happy retirement.

Online aquatics store acquired by UK PLC

Warehouse Aquatics is a fully relocatable online aquatics store based in Peterborough.

The business was offered to the market in order to allow our clients to concentrate fully on other interests.

Warehouse Aquatics generates an annual turnover of £630k through its 26,000 registered customers and experiences high volumes of repeat custom. The company sells a range of aquatic, marine, pond and reptile products including filtration systems, tanks, lighting and specialist foods.

The business was acquired in September 2014, after just 8 months on the market, for £175k by MBL Group PLC. MBL is a £12 million turnover UK distributor and wholesaler of home entertainment products which operates through 3 divisions: The Garden & Home Trading Co., which sells garden bird and wildlife related products; Garden Centre Online, which sells garden and plant products; and Windsong, which specialises in providing a wide range of CD and DVD products.

Gemma Moss of Knightsbridge Business Sales commented, “I am delighted that a sale was agreed just 5 months after the business came to the market and the sale was completed after just 8 months. We wish the buyers every success.”

Established newsagents sold by Knightsbridge

Established over 40 years ago, L&M Dowling is a popular lockup newsagent in Withernsea, East Yorkshire. The business was placed on the market due to our clients wishes to retire.

Generating a weekly turnover in the region of £4,400, the business has the added bonus of a prime position for footfall with the main stake of the business derived from the sale of newspapers and magazines, confectionary, a range of groceries and convenience items and occasion cards.

The business is located in the heart of Withensea in East Yorkshire. The premises are in a prime location just outside the town centre and boast a great location for passing trade. A large residential area is surrounding the business creating extra footfall and passing trade.

L & M Dowling was purchased by private buyers Keith and Alison Dracup, who intend to run the business themselves and increase trading capacity and weekly turnover. The business was sold to the current owners neighbours and our clients decided to use Knightsbridge’s services due to the appeal of the all inclusive legal fees.

We wish our clients a happy retirement and the best of luck to the new owners.

Costcutter in Wiltshire sold by Knightsbridge Business Sales

This Costcutter store in Devizes, Wiltshire, was run by our clients for 8 years before being offered to the market in early 2014.

The store recently incorporated a major refit and is in excellent condition throughout with a full range of modern fixtures and fittings with a further £35,000 worth of fitments installed. The business benefits from no competition within a 3 mile radius and therefore ideally supports 4 local villages, generating a weekly turnover of around £9,000 to £10,000.

The store supplies a large selection of household goods and foods including fresh and frozen, in addition to Alcohol, cigarettes newspapers and more recently hot and cold food and drinks. In addition, the business is fitted with pay point and lottery which earns a very healthy commission.

The premises sits below a 3 bedroom detached house which is currently sub let by the clients.

Our clients decided to put the business on the market in order to pursue other business interests.

The buyer,
Tony Start, owns various businesses and will add the store to his portfolio.

All current staff will be retained by Mr Start.