An Exmouth town centre convenience store has been sold to a buyer based in London who plans to extend its opening hours.
The Premier store, in Rolle Street, was sold through agent Christie & Co by its retiring owners.
The agents said the store – a former bank retaining much of its previous character – was bought by ‘an experienced private buyer’, based in London, who has also ‘secured’ another store locally and ‘intends’ to buy several more shops across South West.
A spokesperson for the agents said: “His growth plans for the business include extending the store opening hours and introducing a variety of more profitable product ranges.”
A Christies & Co spokesperson said the property had been operated by the previous owners since 2012, ‘and came to market to allow them to retire from the industry’.
The property was put up for sale in March, before the first coronavirus lockdown, and attracted an acceptable offer in June 2020.
The agents said: “The sale of Premier Rolle Street presented a unique opportunity to acquire an established, highly profitable convenience store business in a popular town centre location.”
They added: “The store has been purchased by an experienced private buyer, based in London, who has also secured another store locally and intends to buy several more across South West.”