Denovo Retail, a franchisee of Southern Co-operative, has acquired Woodcot convenience store, a local ‘Co-op Welcome’ branded retail store in Gosport,Hampshire via Christie & Co.
Well positioned in the busy residential area of Bridgemary, the convenience store offers consumers a wide range of groceries and household goods. The business trades as a successful and established community store, which is very popular with regular customers and transient passing trade.
The availability of Woodcot convenience store represented an excellent opportunity to acquire an established, high turnover store in the heart of a densely populated area.
Woodcot convenience store has been successfully run by previous owner, Richard Dance for over a decade and he decided to sell in order to focus on his other businesses.
Dance commented, “I am delighted with the transfer of my Tukes Avenue store across to Denovo Retail Limited as this keeps the business under the Southern Co-operative umbrella and allows me to focus on and further develop my existing stores.”
Tom Glanvill, Senior Business Agent at Christie & Co handled the sale and said, “High turnover stores continue to attract significant interest as soon as they are brought to the market.
'The bespoke marketing strategy we devised for this sale involved discrete marketing to a select pool of major regional and corporate operators. The sale was swift, confidential and handled with exceptional professionalism by all the parties involved.”