Acclaimed newsagents in Broxburn, West Lothian is now under new ownership.
Run by the previous proprietor for 39 years, the business was founded in 1914 by the vendor’s Grandmother. The Post Office was incorporated in 1993. The premises are fully equipped and ready to commence trading upon acquisition.
The business operates from 05:30 – 18:00, Monday to Friday, 06:00 – 18:00 Saturday and 06:00 – 13:00 on Sunday. The business offers an excellent selection of newspapers, magazines, confectionery, soft drinks, stationery, cigarettes and a local Post Office counter. The business further benefits from limited CCTV. It delivers in excess of 700 newspapers per week.
Although the businesses are trading very successfully, there is still scope to expand the business. The business was ultimately placed upon the market due to the current vendor’s desire to retire.
Once placed upon the market by Bruce & Co. the business generated substantial attention. After 6 viewings and 2 offers, the Post Office and newsagents were ultimately acquired by a first-time buyer. The opportunity to split the premises into two separate businesses was ultimately what motivated the acquisition.
The vendor commented;
“Steve took on the marketing of my business in January 2019 and he was able to find me a buyer within 6 months, after which the deal was concluded within 2. He recommended me to a solicitor that helped ensure the deal concluded quickly. Steve was great at keeping in touch with me and keeping me informed with how the deal was progressing. I was very happy with his service and positive attitude. I would be happy to recommend using this service again.”
The buyer commented;
“This property suited my needs much better than the previous Post Offices I had made offers on. I saw that I could split the premises to provide a salon area for my wife.”
Lead Negotiator Stephen Croft commented;
“It was great to work with this buyer and vendor, and for both parties to be satisfied with the deal. The vendor was able to finally retire. And we wish him well in the future.”