Completed sale
private buyer Acquires Davies Newsagents Retail & E-commerce Company
Knightsbridge Business Sales has successfully negotiated the sale of Davies Newsagents for £80,000 including the stock at value.
The newsagents, based in Wigan, has been trading for over 35 years as a family run business; with high weekly takings in excess of £8,500 the business benefits heavily from being situated in a prominent location. Topped by an excellent reputation, Knightsbridge was able to generate high levels of viewings and interest. Our client put the business up for sale to commence with their plans of retiring.
The business was sold successfully to private buyers who have relocated from Leicester with their family. They intend to run the business full time whist retaining the younger newspaper delivery staff.
Our negotiator, Diana Marsh had built up a good relationship with our clients and reports that they are now very much looking forward to their well-earned retirement.