The leasehold of Merchant’s News, a lockup convenience store in Bristol, has been sold through Christie & Co.
Merchant’s News enjoys a prime location near the harbourside in Bristol city centre and has been owned and operated by Parth Patel since December 2014. It went up for sale as Parth decided to focus his interests on other businesses.
Following a targeted marketing process led by Jamie Williams, Senior Business Agent in Christie & Co’s Retail team, the store was successfully sold to a local buyer who owns multiple stores throughout the city.
Demand for retail assets is currently at an all-time high so the business was snapped up within a week of launching to the market.
The previous owner, Parth commented, “We have loved running the business and serving the local community but felt the time was right to move on.
'The new owners have previous success with running stores in Bristol and we wish them all the best for the future. Jamie Williams at Christie & Co was professional throughout and secured a buyer quickly, we thank him for his hard work.”
Jamie Williams from Christie & Co added, “Merchants News is a great business, and we were able to agree a deal within one week of being on the market, with completion in under four months.
'There is a large pool of buyers hungry for retail opportunities and all stores remain attractive in the market at present, so it’s a fantastic time to sell. Please get in touch if you’d like to discuss buying or selling a business.”
