Located in a small shopping parade in the heart of the village, the lock up store offers a highly profitable newsround and a wide range of products, including magazines, off licence, tobacco, a vast array of convenience goods and food to go. The store has built a strong loyal and local following and enjoys high levels of passing trade.
The area will soon benefit from a large-scale residential development, presenting the opportunity to increase trade further. Palmers Papers also presents a new owner with the opportunity to drive the business forward by expanding opening hours or entering a supply agreement with a symbol group.
Following almost two decades of ownership, husband and wife team, Mrs and Mrs Palmer have decided to pursue retirement and comment, “It has been a very difficult decision to sell the shop, and we will miss all the friendly customers, the majority of which have become good friends. It has been an enjoyable 18 years!”
Tom Glanvill, Senior Retail Agent at Christie & Co’s Winchester office is handling the sale and comments, “I am delighted to bring Palmers Papers to the market. Mr and Mrs Palmer have created a thriving business which sits in the heart of a prime residential area. After many successful years, they have decided to retire, presenting an excellent opportunity for a new owner to acquire this leasehold store with great potential to grow the business further.”
Christie & Co is seeking £110,000 for the leasehold interest of Palmers Papers with an annual rent of £5,500.