68-year-old, respected newsagents in Grimsby, sold to first-time buyer

A local newsagents and convenience store, operating in Grimsby, has been sold to a first-time buyer, advised by Kings Business, with 13 viewings and 10 strong offers made.

Mr Bateman, who has owned Filey Road News for 30 years, has cemented an excellent reputation for the store and its services. The busy newsagents and convenience store benefits from a popular residential location and, due to its establishment in 1953, has limited competition in the area.

Filey Road News prides itself upon providing a warm and friendly customer experience with a smile and offers the finest collection of newspapers, magazines, foods and other general goods. Open 7 days a week, the business has a large, loyal client base and high footfall in the area.

After continuing on the store’s legacy, Mr Bateman decided to take his well-earned retirement leave, and instructed Kings Business in the sale. The historical business, combined with our unique marketing campaign, generated significantly high interest in the business.

The popular store was sold to a first-time buyer whose family has experience within the sector. Initially attracted to the business due to its ideal location, the buyer decided to acquire the business due to its fair price. The buyer intends to continue growing the business following the previous owner’s success.

Upon completion of the sale, Mr Bateman said: “Our experience with Kings was great from start to finish. Lauren was really helpful and was there when we needed her to chase any issues. We are so happy to have completed the sale and we would definitely recommend Kings.”

Expert Sales Negotiator Lauren Lees said: “I am pleased we have sold the business. I would like to thank our seller for choosing to sell his business through Kings and wish the buyer the best of luck with their new business”.