Popular McColl’s Store is Now Under New Ownership Thanks to Bruce & Co.
15th January 2020
This bustling store in Sanquhar, Dumfries & Galloway has now been sold.
Occupying a village centre location, this local business has forged strong relationships with the local community.
Trading throughout the year, this business enjoys considerable repeat custom, consolidating an excellent reputation in the local area.
This store has benefitted greatly from the expert direction and ownership of the previous vendor, receiving substantial reinvestment and redevelopment.
This has transformed it into the high quality business setting that it is today.
The previous vendor had reached a turning point. Already owning a range of successful businesses, they decided it was time to let this one go.
They realised it would benefit from a vibrant new owner to take control of the business, and to implement fresh ideas into the direction of the store.
The vendor reached out to professional business brokers Bruce & Co. He was impressed by their reputation and entrusted them with the handling of the sale.
Once placed onto the market, the business generated a considerable amount of interest.
After generating 3 viewings and 6 competitive offers, the business swiftly sold.
It was acquired by an experienced business owner, who already holds several successful businesses in their portfolio.
The prime trading location of the sector greatly influenced the acquisition of the setting.
Since acquiring the high street store, the buyer wishes to continue running the business at the high standards that its customers are used to.
Lead Negotiator Mike Firoozi commented;
“This deal was fantastic to work on. The buyer got us the information we needed at the right times and our client was very organised with all the documents we needed to sell the business.”