A well-established newsagent in Suffolk has been sold to a first-time buyer, advised by Kings Business.
The business has traded from its purpose-built premises since 1985 and enjoys regular custom due to its location.
Furthermore, the business also benefits from little competition in the local area and has established a strong reputation with the local community.
Mrs O’dwyer has successfully owned Village Rise Newsagents for several years. She brought the business to the market as she wanted to retire, and Kings Business were instructed in the sale.
Our research and marketing campaign generated strong levels of interest for the popular newsagents, as the business received three attractive offers.
Village Rise Newsagents was sold to Mr Morris, a first-time buyer with previous experience in the retail sector.
Mr Morris now wants to continue running the business and cement plans to increase sales.
Upon completion of the sale, Mrs O’dwyer said: “I am happy with the service received and with the sale of my business. Lauren Lees provided regular updates throughout the sale and she was on hand to assist when needed.
“I’ve spent many years running Village Rise Newsagents and I’m ready for a new chapter in my life. I would definitely recommend Kings Business for anyone looking to sell.”
The buyer said: “The helpful and professional service provided by Lauren has been fantastic.
“I am pleased that the deal has completed, and I can’t wait to get started. Thank you to Kings and to Lauren for their help.”
Sales Negotiator, Lauren Lees said: “I am really pleased to have sold the business for the vendor and to the perfect buyer.
“Mrs O’dwyer can now enjoy a new chapter in her life now she has time to relax. Congratulations to all parties.”