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Premier Johnstown Convenience Store ‘sold well above asking price’

Wrexham.com > News

Post : Tue 12 April 2022

Update: Tue 12 April

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Commercial property adviser, Christie & Co, says it is ‘pleased to report that ‘Johnstown Village Convenience Store’ has sold ‘well above asking price’.

They say the sale was made to “an experienced trader in the south of England” and finance for the sale was secured by Christie & Co’s sister company, Christie Finance.

The Premier branded store has been owned and operated by Angela Jones for 25 years. Having turned the store into a profitable business over the years, Angela felt the time was right to retire and launched the store to market through sales team salesman Ashley Cobban retail from Christie & Co.

Angela said: ‘After deciding to sell my business I contacted a few estate agents but decided to go with Christie and Co as they had sold a similar store not far from mine a few years ago. I can’t thank Ashley enough for his help during the sale, as he worked hard to generate a lot of interest and keep things running smoothly, as well as keeping me informed throughout the process.

Ashley Cobban of Christie & Co added: “I am very pleased with the result we were able to achieve for Angela – well above the asking price of £449,950. The store offers the energetic new owner many opportunities to grow and make it their own, such as the introduction of new product lines and hot takeaways.

Financing for the new owner’s purchase was provided by Lawrence Roberts, Managing Partner at Christie Finance.

He commented: “After being introduced to the buyer by my colleague Ashley at Christie & Co, we endeavored to close the deal quickly and deliver to both buyer and seller.

“The funding we have been able to secure for the new owner will allow him to move the business forward, introducing more services and products. I wish him all the best and look forward to hearing about their successes at the first Minister Johnstown.

New owner, Kanagalingam Rameshkumar said, “I cannot thank Lawrence enough for securing the funds to help me buy the store.

“I will be looking to extend opening hours to start, to get a better idea of ​​what kind of new stock should be introduced to better serve the local community.

“I will definitely work with the Christie Network again to continue expanding my business and would highly recommend the team to anyone looking to buy a business or grow their portfolio.”

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