New Dock Newsagents sold by Kings Business

This excellent convenience store in Llanelli, Dyfed has been sold by Kings Business.

Established for over half of a century and under the excellent ownership of the vendors for the past 13 years, New Dock Newsagents has long established itself as a cornerstone within its local community.

Occupying a highly visible trading position on a main road, the shop greatly benefits from a large amount of footfall from the surrounding deeply residential areas. With ample street parking outside of the shop, and no competition within a 5-mile radius, New Dock Newsagents offered a truly exceptional opportunity for any aspiring owner.

Further, a brief walk away from the property is a housing development that is proposed to build over 2,000 homes, providing the shop with a wave of new customers and excellent future trading prospects.

Housed in a 2-storey terraced building, the shop operates across the ground floor with a sub-let flat occupying the top floor. Within the shopping area is included a number of counters, shelving, drinks chillers and fridges, accommodating for a wide variety of goods to be stocked. Further lies a large stockroom with access to the rear of the property that contains an additional storeroom, a kitchen and an office.

Seeking retirement, the vendors decided now was the perfect time to put the business onto the market. Identifying Kings Business as a leading business brokerage within the retail sector, we were promptly instructed to facilitate the sale. After a comprehensive marketing campaign, the deal was negotiated and agreed during the lockdown to find an ideal purchaser. The new owner, an individual with wide knowledge of the industry, now intends to refurbish the premises and extend the amount of services it can provide.

The vendor commented;

“We wish the new buyer all the best in his future with the shop. We are really looking forward to our retirement. Thanks to Adam Dell’Armi for guiding us through calmly and Kings Business for helping to achieve this sale during such difficult times.”

The buyer commented;

“I am thrilled to be taking over the business and can’t wait to get started. I wish the previous owners all the best. Kings negotiator Adam Dell’Armi worked hard to get the sale agreed and continued this throughout the sale process to ensure it completed. I felt very comfortable throughout thanks to Adam.”

Lead negotiator Adam Dell’Armi commented;

“It was a pleasure to help the lovely couple to find the right buyer by negotiating and agreeing the deal while working remotely during the lockdown. I truly wish them all the best in their future and I wish the buyer all the best in his new business venture.”