Sold: Family-run newsagents acquired by a first-time buyer

Park Lane News, based in Macclesfield, has been sold to a first-time buyer, advised by Kings Business.

The family-run newsagents, located across from Macclesfield College, has thrived under the current ownership for a number of years and trades in a prominent location in the Cheshire based town.

The business offers all manner of goods such as magazines, newspapers and food items, and enjoys a loyal client base due to its proximity to local schools. It trades 7 days a week, mainly run by the current owner and his family with three additional members of staff.

The current owner wished to sell the newsagents in order to retire and instructed Kings Business in the sale. Kings Business used a distinctive marketing campaign to promote the newsagents, which attracted significant interest with 4 viewings and 2 offers received.

The newsagents was sold to a first-time buyer who possesses a breadth of retail expertise and was attracted to the business due to the excellent location and popularity of the business.

Upon completion of the sale, the vendor said: “It was the right time to sell due to retirement and I was looking for someone to continue the business. The service I received from Steve at Kings was perfect and was 10/10”.

The buyer said: “I am very happy with my experience with Kings, the service was very good and I am pleased with that. I am currently in the shop and happy to be here, and I’ve already recommended Steve and Kings to a friend”.

Experienced Sales Negotiator Stephen Croft said: “I am extremely pleased for the current owner to have completed this sale as I know he was excited to retire. The sale was helped by the owner and buyer, who both co-operated and worked closely together with Kings Business to achieve a successful sale”.