A popular business with huge potential has been sold to a first-time buyer through Kings Business.
Walker’s News in Newport, Gwent, has been in the area for over 80 years and has grown and developed with the area around it. The store occupies the ground floor of a detached property and offers huge scope for the purchaser to develop further.
The vendor, Mrs. Beverley Walker, decided to place the business which she has run for the past six years on the market due to her wish to retire.
The store is located in Caerleon town centre in Newport, which offers a selection of residents and professional people in the area. The store is located directly on the main route into the town and there is ample roadside and local parking.
Walker’s News was sold to first-time buyer Mr. Ambi Kanagaratham, a first-time buyer who was attracted to the business thanks to its excellent location.
Mrs. Walker said: “I would like to thank Eyaz Ishrat at Kings Business for the exceptional service he has provided in completing the sale of my business, Walker’s News. From the outset, he has dealt with all matters professionally and despite many hurdles, has been endlessly patient with me and the buyers. I would highly recommend Kings Business to anyone looking to sell.”
Eyaz Ishrat from Kings Business commented: “I’m delighted that this fantastic opportunity has found a good new owner. I’m pleased that Mrs. Walker can now enjoy her retirement after putting so much hard work into her business.”
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Kings Business Transfer
Kings Business Transfer, part of Altius Group, is the specialist broker dealing in the Licensed, Leisure and Retail sectors. Altius Group is a market leader in business sale transactions for small to medium size enterprises. The group includes some of the most well-respected and leading business brokers in the marketplace. Altius Group offers a sector-specialist approach, tailored to the requirements of our clients. With over 40 years’ experience in business selling, we have a proven track record in delivering successful sales, constantly striving to surpass the expectations of our clients.