Christie Finance completes funding for convenience store in coastal Norfolk village

Well-regarded and popular with residents, the store’s offerings include groceries, newspapers and magazines, an off-licence, confectionary and everyday essentials. The store is seen as a key amenity within the community, offering post office services to customers.

Situated on Coast Road in the village of Walcott in North Norfolk, the store benefits from a loyal, local customer base as well as visitors to the village, where the coastal road runs along the edge of the sea, providing great views.

Nigel and Sara Adams, who have owned and operated the store for many years, have decided to hand over the reins to the business as they look forward to retirement.

They said, “It's been a pleasure to play our part in making Walcott a lovely village for locals and a destination for visitors and holiday makers alike. We would like to take the opportunity to thank the many loyal customers we have served over the last few decades.

“Thanks also must go to our staff past and present as, without them, we would not have achieved what we have. 

“We wish Antony, Jenny and their team every success in taking the business forward and hope they will be as well supported and happy as we have been.”

The property has been acquired by experienced operators, Antony and Jenny Benedict, who bring with them a wealth of industry knowledge. They plan to continue developing the business, building on the solid foundations and reputation established by the outgoing owners.

They said, “A huge thank you to Nigel and Sara for trusting us with the next chapter of this fantastic family business, we wish them all the best in their retirement. 

“We can’t wait to meet our loyal local customers and to build on the strong foundations already in place as we expand the store’s offering.”

Lewis Last, Associate Director – Retail & Leisure at Christie & Co, who managed the sale process, commented, “I would like to sincerely thank Nigel and Sara for entrusting Christie & Co with the sale of their much-loved family business. I wish them both all the very best in their retirement, and I would also like to congratulate Antony and Jenny on their purchase.

“This sale further underpins the sustained demand we are currently seeing for well-performing convenience stores, particularly those in strong coastal and community locations, where buyer appetite remains robust.”

Funding for the acquisition was sourced through Christie Finance, Neil Collins, Associate Director, commented, “I have worked with Antony and Jenny on a number of acquisitions, and I am once again very pleased to have sourced the required funding that they needed to complete on this sale. I know this purchase will be an excellent addition to their portfolio and look forward to see them continue to grow.”

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