8/3/2020 | Retail

Jones Convenience Store in Shepton Mallett has been sold

Specialist business property adviser, Christie & Co, is delighted to announce the sale of the Jones Convenience Store in Shepton Mallett, Somerset.

The Jones Convenience Store is a sizable freehold store with a three-bedroom owner’s flat above. It is situated in the Somerset town of Shepton Mallet, approximately 18 miles south of Bristol and five miles east of Wells. The store is well located on a substantial corner plot and benefits from a good residential catchment, with the Mendip District Council Office also in close proximity.

Previous owner, L&F Jones, decided to sell the store in order to focus on its hospitality business at the Best Western Plus Centurion Hotel in Radstock. Speaking on behalf of the company, Mr Robin Allen said, “We wish the new owners success in the future. We would also like to thank the team at Christie & Co for managing the sale process so expertly and efficiently through the difficult times presented by the Covid-19 pandemic.”

The business has been purchased by Mr Nareshbhai Solanki, who also owns Burnaby stores in Whitchurch. He comments, “My experience with Christie & Co has been wonderful, Jamie and Dave have been very co-operative and helpful from the start. We are planning for the business to have a total refit and join the Premier symbol group. Good luck to L&F Jones with their future plans.”

Jamie Williams, Business Agent at Christie & Co, who handled the sale, comments, “The store attracted five offers after twelve viewings, which demonstrates the high demand the market is currently experiencing for stores turning over under £10k per week if they are accurately priced. As the market continues to improve, with more and more buyers available after strong sales at already owned stores throughout Covid-19, now is an excellent time to sell your business if you are considering it.” 

Jones Convenience Store was sold at an undisclosed price.

For further information on this press release, contact:
Fiona Fieldhouse, Director – Head of Corporate Communications
P: 07738 182 406 or E: fiona.fieldhouse@christie.com

Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com

Contact the agent:
Jamie Williams, Business Agent – Retail (South West)
P: 07732 601 749 or E: jamie.williams@christie.com

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