2 minute read
Appleby Westward
by 55 North
Appleby Westward snaps up Somerset store
The wholesaler will continue to operate the Porlock-based store under the Spar-brand.
Appleby Westward, the regional distribution company for Spar in southwest England, has bought the Spar store in Porlock, Somerset.
Located on the High Street in the heart of Porlock, an affluent coastal village on the edge of Exmoor National Park, this well-established and profitable leasehold convenience store has been owned and operated by Peter and Jill Lister since 2002. The store came to the market as they are looking to move overseas and retire.
Appleby Westward will continue to operate the business as a Spar-branded store, run under full management as part of its portfolio.
Jamie Williams, Retail Associate Director at Christie & Co who led the marketing process, said: “The business was sold during challenging times, so it was great to finalise a deal with a corporate buyer and allow our clients some well-deserved time off.
“The demand for convenience stores remains at an all-time high and this was clearly demonstrated through the sales process, with this particular business alone attracting seven offers.”
Spar Porlock was sold on a leasehold basis, off a guide price of £135,000.
In February Appleby Westward bought the lease on Bampton’s Costcutter in Devon, and at the end of last year the wholesaler bought two Spar forecourt stores in Dorset out of private hands.
Appleby Westward currently operates more than 100 company-owned stores.
