Family business Askham Stores sells to first-time buyers

A charming village store in Cumbria has sold to first-time buyers after a successful marketing campaign, advised by Kings Business.

Run as a family business, Askham Stores has been thoroughly modernised and renovated to a high standard and is well-presented throughout. The store sells essential items and newspapers, alongside food such as hot pies, cakes and sandwiches. There are also two small seating areas inside and outside the store for customers to enjoy their food.

Askham Stores occupies a picturesque location in the Lake District countryside with several tourist hotspots close by. Due to the store’s excellent location, the business enjoys both regular and passing trade from locals and visitors.

After running the store as a family business since 2015, the owners wished to retire and instructed Kings Business in the sale. The business garnered high levels of interest, with 7 viewings occurring.

Askham Stores was sold to first-time buyers who were looking to relocate and saw the business as a new lifestyle opportunity. They intend to continue to grow and expand the business sales.

Upon completion of the sale, the buyers said: “We received good customer service and valued Lauren chasing solicitors prior to the exchange. We are looking forward to our new venture and are keen to see what the future holds”.

Expert Sales Negotiator Lauren Lees said: “I am pleased for both our seller and buyer, the business came on the market just before the first lockdown of 2020, we generated viewings from the instruction date up to the day the offer came in. We are happy a sale was achieved and the completion swiftly took place”.