Completed sale
How Stonegate Teddy Bears Retail & E-commerce Was Sold to private buyer | Transaction Overview
Stonegate Teddy Bears was established 27 years ago and has been under the ownership of our client since 2005. The business consists of two main elements and two revenue streams that generate high turnover each year. The second area of the business is the delightful tea room located on the upper floors of the premises. The business occupies a unique medieval three-story property along Stonegate in the heart of the City of York, North Yorkshire.
The shareholder of Stonegate Teddy Bears instructed Knightsbridge with the sale of their business to enable them to pursue unrelated business interests.
Stonegate Teddy Bears attracted 21 interested parties and eleven offers. The final offer came from a private buyer and will allow them to move from their current location.
Knightsbridge Sales Negotiator, Paige Brindle, advised Stonegate Teddy Bears.