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16 May 2017 | Retail Mortgages

Morayshire Costcutter Store now in new hands

A local convenience store situated in the Morayshire village of Hopeman, has new owners with funding arranged through specialist commercial finance broker, Christie Finance.

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Tim Moyle and Syanness Tunhhal-Moyle will be taking over the running of the business after the previous owners decided to retire and sold the business through property adviser, Christie & Co.

The store has a modern fitted large sales floor and benefits from generous owners accommodation and enclosed private garden. Tim and Syanness are first-time buyers to the sector but have many transferable skills from the commercial and non-profit sectors that will help maintain and boost further this stores longstanding reputation in the local community.

Craig Dickson, Director at Christie Finance, comments "Due to its reputation and locality, this business represented a great opportunity for a first-time buyer to acquire a successful branded convenience store. I have no doubt that Tim and Syanness will continue to grow the business and wish them well with their venture.” 

"The lending environment in Scotland for retail businesses remains very competitive.”