Completed sale
Shahs Newsagents Retail & E-commerce Company Was Acquired by private buyer | Deal Summary
Shahs Newsagents is a newsagent and post office based in Essex. The business boasts an impressive turnover of £150,000 per annuum which is excluding any additional sales through the Post Office and Lottery sales. The business also works as an off license and operates out of a freehold property.
The shareholders of Shahs Newsagents instructed Knightsbridge with the sale of their business in order to facilitate their retirement plans.
Knightsbridge then implemented a diverse research strategy which resulted in 998 brochure downloads and 14 viewings, which resulted in two competing offers.
The successful offer came from a private buyer as a new lifestyle opportunity.
Caitlin Egan, Sales Negotiator at Knightsbridge Business Sales, advised Shahs Newsagents throughout the process.