This prominent newsagents in Wolverhampton, West Midlands, is now under new ownership.
Mander News, located in the bustling, popular shopping centre, Central Arcade, Wolverhampton, is now enjoying new ownership.
This highly respected, long established business has forged strong relationships and developed an extensive and loyal customer base within the local community over the years it’s traded.
Throughout the longstanding history of the business, this newsagent has greatly benefitted from the professional leadership of the previous vendor.
Offering a wide variety of goods and services, the business has created a strong connection with both local residents and passers-by.
It has consolidated an excellent reputation for providing a high-quality, customer-oriented service.
Throughout the previous vendors tenure of the establishment, Mander News has received significant reinvestment and redevelopment over the years.
Due to this, this newsagent has evolved to become the excellent quality business that it is today.
The expert direction and the considerable investment of the previous vendor has allowed the business to climb to the top of its sector, and it has stayed there.
After many years of operating this excellent business, the experienced vendor had reached the decision it was time to retire.
They had decided that they had achieved everything that they had set out to with this business.
The vendor realised that it was time for a new sector operator to take control of the business and to introduce their own ideas and direction.
Having decided to pass over the ownership of their business, the vendor approached the business brokerage company Kings Business to handle the sale of their business.
Once placed onto the market by Kings Business the newsagent generated a substantial 19 viewings and 5 competitive offers.
After successful negotiations and communication between all parties, the business ultimately sold.
The newsagent was acquired by a first-time buyer, who was attracted to the strong trading reputation of the business.
The buyer commented:
“My experience with Kings Business has been good. There have been no problems at all. I am very excited to start working in the business.”
Lead Negotiator Sophie Jakeman commented:
“I am very happy that the sale has completed, and the seller and buyer can now enjoy their next adventure.”