Busy Premier-branded convenience store in Essex sold through Christie & Co
Specialist business property adviser Christie & Co is pleased to announce the sale of Foleys Premier Store in Dovercourt, Essex, with funding for the purchaser secured through Christie Finance.
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Located in a busy residential area in Dovercourt, Foleys is a convenience store offering a range of convenience items, confectionary and essentials. Due to its location, the store benefits heavily from local and passing trade.
The convenience store has been owned and operated by couple, Tony and Lorraine Foley, for the last 24 years, who recently sold the business as they planned to retire.
They comment: “Thank you Lewis and the Christie & Co team, the sale was expertly handled from start to finish. We would like to take this opportunity to thank all those who have supported us, especially our dedicated staff who went above and beyond during the lockdown period, and not forgetting the paper boys and girls who continued to serve our local residents. We know we are leaving behind a lovely community and wish the new owners and their family all the best.”
Following a confidential sales process, the store was purchased by experienced retailers and couple, Nishanthan Alfred and Pauline Fernando. They plan to integrate themselves with the local community and aim to build on the very well-established business Tony and Lorraine have left behind. With further residential development in the area, there will be an increasing demand for convenience goods and services by the local community.
Lewis Last, Associate Director at Christie & Co who handled the sale, comments, “I am pleased to see this deal over the line for Tony and Lorraine. It was clear from our first meeting they had a very well-established business with a strong attachment to the local community and their loyal customers. The decision to sell was a big one, and I thank them for entrusting Christie & Co to manage the deal.
“For Alfred and Pauline, this is a great opportunity to build on their retail experience and imprint their own identity on this cracking store. I wish them and their extended family all the best, and look forward to stopping by again when I’m next in the area.”
Cat Cattermole, Finance Consultant at Christie Finance, who secured funding for the purchase, comments, “I’m very glad to have completed on this retail store for Pauline and Alfred. The speed and ease of this transaction highlight the great benefit of the relationships between Christie & Co and Christie Finance. I wish them the greatest success and look forward to working on their next acquisition.”
For further information on this press release, contact:
Niamh Toman, Corporate Communications Executive
P: 07768 646 984 or E: Niamh.toman@christie.com
Contact the agents:
Lewis Last, Associate Director – Retail
P: 07526 175 851 or E: lewis.last@christie.com
Cat Cattermole, Finance Consultant – Christie Finance
P: 07561 114 984 or E: catherine.cattermole@christie.com
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