Appleby Westward, the SPAR wholesaler in the south west, has acquired an independent SPAR store in Porlock, South West Somerset.
The store, owned and operated by Peter and Jill Lister since 2002, came to the market as the couple is looking to move overseas and retire.
Located on the High Street in the heart of Porlock, an affluent coastal village on the edge of Exmoor National Park, the well-established store will continue to operate as a SPAR-branded store, run under full management as part of the Appleby Westward portfolio.
Jamie Williams, retail associate director at specialist property business advisor Christie & Co who led the marketing process, commented: “The business was sold during challenging times, so it was great to finalise a deal with a corporate buyer and allow our clients some well-deserved time off.
“The demand for convenience stores remains at an all-time high and this was clearly demonstrated through the sales process, with this particular business alone attracting seven offers.”
SPAR Porlock was sold on a leasehold basis, off a guide price of £135,000, Christie & Co revealed.
Brian McLister
