First time business owners buy ‘The Bottom Shop’ through Christie & Co
Specialist business property adviser, Christie & Co, is delighted to announce the freehold sale of the Bottom Shop in Kirkby-in-Ashfield, Nottinghamshire.
This convenience store and off licence has been operated by John Blount and Hayley Smith for 18 years, previously under the Bargain Booze facia and more recently as an independent store. During this time, the couple have grown the business into a profitable enterprise but made the decision to sell the store so they could concentrate on their family and other interests.
After launching the store to the open market on behalf of John and Hayley, Christie & Co received interest from multiple independent operators, attracted by the store’s good reputation locally, growing turnover and spacious flat above the store with a separate entrance, which provides an additional income.
For the buyers, Mr and Mrs Odedra, this is their first business. They made the most of the high demand for residential property, selling their house in Leicester to fund the purchase.
Dave Morris, Director in Christie & Co’s Retail team handled the sale and comments, “John and Hayley have worked really hard to build a great business that is perfect for a first-time buyer. Their store standards and customer service have given them a great reputation locally, and the demand for convenience retail assets remains so strong, we were able to achieve a swift deal at a great price. It has been a pleasure to act for John and Hayley and we wish Mr and Mrs Odedra the best of luck.”
The former owners’ comment, “It’s been great to serve the local community and we would like to thank them for their support over the years. Dave really helped us navigate the sale process and we are delighted with the result. We would also like to thank Rebecca Beecroft of Elliot Mather Solicitors for assisting us with the sale. We wish Mr and Mrs Odedra all the best for their future in the store.”
Mr and Mrs Odedra plan to continue to serve the community as John and Hayley have done, with no immediate plans to make any significant changes to the store.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 72270794 or E: bronte.hughes@christie.com
Contact the agent:
Dave Morris, Director – Retail (Midlands and South West)
P: 07712 198 835 or E: dave.morris@christie.com
