The Bargain Booze store in Chepstow, Wales has changed hands, with the Pitt family who owned and operated the store for the last 15 years decided to call it quits. The store came to the market to allow the couple to retire.
Located within a busy residential estate, the established local convenience store has been purchased by Pradeep Thangaraj, who plans to operate the business alongside his family, experienced retail operators who currently run a business called VS Wine Limited.
Specialist business property adviser Christie & Co facilitated the sale, with the funding secured by Christie Finance.
Joe Brayne, senior business agent at Christie & Co who handled the sale, commented, “It was a pleasure to work with Mr and Mrs Pitt throughout the process. The new buyer has a wealth of experience in retail and is looking to continue to add to the portfolio.”
