Mr Thevarajah outside Sherborne Road Stores in Basingstoke, Hampshire
The store occupies a prominent roadside position in a busy central location close to Basingstoke town centre, a train station and Devonshire Business Park and is within walking distance of several schools which collectively provide a healthy level of walk-in trade for the business.
From the first day of marketing this business, it attracted a considerable amount of interest and demonstrated the increasing demand business transfer agents at Christie & Co are reporting in the retail sector.
Sherborne Road Stores has been purchased by Mr Rajeevan Thevarajah who comments, “I am delighted to have been successful in acquiring this store, my first venture. The process of purchasing was straight forward, and I appreciated the guidance of the selling agent Tom Glanvill. Over the coming months, I look forward to serving the local community and building the business and increasing the range of products on offer”.
Tom Glanvill, Associate Director of Retail at Christie & Co, who handled the sale, comments, “Another store sold during lockdown! The efforts of the lawyers involved are greatly appreciated and certainly helped complete this transaction in good time. I wish Rajeevan all the very best. I fully expect convenience stores to remain in high demand and hope that consumers will continue to buy locally and support the good hardworking business owners who have served them during the pandemic”.
Sherborne Road Stores was sold at an undisclosed price.
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