11/22/2018 | Retail

Lancashire convenience store sold to experienced retailer

Specialist business property adviser, Christie & Co has completed on the sale of Market Place Convenience Store, a well established convenience store in Poulton-le-Fylde, Lancashire.

Occupying a central location on the busy high street of the affluent market town, Market Place is relied upon by the surrounding residential community. The 1,200 sq ft retail area offers a wide variety of household products, confectionery, bakery goods, dairy, canned goods, tobacco and alcohol, as well as National Lottery and news delivery services.

Previously owned by Claire Taylor and operated by her partner, the pair sought a sale following three years of ownership in order to pursue business interests outside of the convenience retail sector. They comment, “We are really pleased with the sale and wish the new buyer every success for the future. We hope the store goes from strength to strength!”

Market Place Convenience Store has been purchased by Alvappillai Iyngaran, an experienced forecourt operator looking to diversify his portfolio into the convenience retail sector. He comments, “I’m excited to take ownership of Market Place Convenience Store. It’s in a great location with lots of potential to develop the business. I have already begun to evaluate the merchandise we stock and to adapt it to better serve the needs of the local community.”

Ashley Cobban, Business Agent at Christie & Co handled the sale and comments, “It’s great to have found an enthusiastic and committed new operator for Market Place Convenience Store. Occupying a prime high street site, it’s an important part of the retail landscape within Poulton-le-Fylde and as such, it has come to be relied upon by the local community. We look forward to seeing the business thrive under new ownership in the years to come.”

Market Place Convenience Store was sold off an asking price of £99,950 for the leasehold interest.