Successful newsagents in Pitlochry sold through Christie & Co
Specialist business property adviser, Christie & Co has brought to the market The Paper Shop, a long-standing newsagents in Pitlochry, Perthshire.
Situated on the main street through the historic town of Pitlochry, the business benefits from local and passing trade, as well as tourist trade throughout the year. Being the sole newsagents in the town, the store relied upon by local residents and businesses for its paper round, as well as its range of confectionary, books and gifts.
The business was successfully owned and run by John and Yvonne Henderson for the last 8 years, before selling the business to Sarwar Nabizoda of Cool Britannia retail.
Liam Bain, Business Agent, at Christie & Co, who handled the sale comments, “Christie & Co were delighted to assist our clients on this sale. After being the selling agent to them when they purchased the business over ten years ago, we were happy to step into the role once again and act for them this time round. With the business extremely well positioned on the high street to capture the tourist trade Pitlochry receives year-round our clients had moved to providing a more gift-led experience than the old-style ‘newsagents’ they purchased.
“The buyers, a multi-national gift store operator, with shops located on Oxford Street London and Princes Street Edinburgh amongst others, were looking to expand their portfolio and acted quickly to secure the business with an offer exceeding asking price. The transaction was handled smoothly and completed within a 12-week period, with the new owners planning a mini re-fit of the store in time for Christmas.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 07721 420 656 or E: firstname.lastname@example.org
Contact the agent:
Liam Bain, Retail Business Agent – Scotland
M: 07732 602 268 or E: email@example.com
Visit our Business Search page to find out more about our current listings.