Convenience store sold after 37 years of ownership

Kings Business recently advised the sale of T & M Stores, a convenience store located in East London.

Our client Mr Liburd sold the business as he decided it was time to retire. The business is renowned locally and staff are known for providing service with a warm and friendly attitude. The business therefore enjoys an extensive and loyal customer base, attracting repeat trade from the immediate vicinity.

This extremely busy convenience store is situated on a corner plot of a very busy main road and is located within a highly populated residential area that has quality footfall due to its location. The store’s excellent location and reputation make it an ideal purchase for the buyer, an existing business owner who has owned convenience shops previously. The new owner plans to grow and expand the business.

The buyer, when asked how they would describe their experience using Kings Business confirmed: “Really pleased to finally be in the shop after a long sale. Thanks to Lauren for your help with getting this over the line. We are looking forward to running the shop and building a relationship with the local community.”

Our client said: “The business took a long time to sell but got there in the end, thanks to Lauren for your efforts throughout the sale and dealing with the buyer.”

Experienced Sales Negotiator Lauren Lees said: “I am really happy to have sold the business for our clients, we have had numerous sales which haven’t proceeded for one reason or another, so I am glad we finally got there in the end. The buyer was committed and very keen to get into the business quickly and the sellers can now enjoy their retirement properly.”