Specialist business property adviser, Christie & Co has sold the leasehold interest of the SPAR convenience store in Toddington on behalf of Sam Storer.
Located on a busy roundabout next to Toddington train station, the store captures passing trade and tourists visiting the Cotswolds.
The previous owner, Mrs Storer operated the SPAR convenience store for more than 15 years, having previously worked as a commission operator for some of the UK’s largest independent filling station operators.
The new owners, Ben and Sarah Simons are experienced retailers who already operate four very successful independent convenience stores in the Cotswolds. They were keen to acquire an additional store as part of their plans to grow the business and the location of this store fitted well. As part of the sale, the store has benefited from a new customer car park and Ben and Sarah have plans to develop the store in the future to ensure that it evolves with the changing convenience retail sector.
Ben and Sarah said: “We are delighted to be taking over the store, adding it to our existing business. It is a good fit for our group logistically and in a location that should work well with our other stores in the Cotswolds. We would like to thank Mrs Storer for her help in transferring the business to us and we are looking forward to meeting the customers and getting stuck in.”
Dave Morris, Director at Christie & Co handled the sale. He said: “The SPAR at Toddington attracted strong interest with six offers received despite being offered to the market on a confidential basis. The stores location and carparking capacity were particularly attractive with limited competition in the area for an incoming retailer. The market remains buoyant for convenience retail businesses and businesses in the Cotswolds in particular are very sought after.”
The leasehold interest in the convenience store was sold for an undisclosed sum.