2 minute read
Christie & Co.
by 55 North
South Wales c-store attracts new owner
The Neath store has been owned and operated by Mike and Anita Phillips since 1983.
Retailers Venu and Rajitha Mittapally have bought Mike’s Newsagents, a popular South Wales convenience store located in Briton Ferry, Neath.
The Lifestyle Express-branded store has been owned and operated by Mike and Anita Phillips since 1983 and came to the market as they were looking to retire.
Venu and Rajitha secured funding for their purchase through Jimmy Johns, Finance Director at specialist business property adviser Christie & Co’s sister company, Christie Finance.
Joe Brayne, Business Agent – Retail at Christie & Co, said: “To sell a business within one day of being on the market demonstrates the appetite for convenience stores at present.
“It’s a fantastic time to consider selling so please get in touch if you’re thinking about putting your business up for sale.”
The sellers, Mike and Anita Phillips, said: “Many thanks to Christie & Co for helping us achieve the sale of our business in record time. We couldn’t have done it without your support and can now enjoy the rest of the summer at our leisure, and travel when the weather gets cold and wet.” They added: “All the best to the new owners, it’s very rewarding being self-employed.”
In response, Briton Ferry Town Council, said: “We would like to offer our thanks and best wishes to Mike and Anita Phillips who retired last week from Mike’s Newsagents, Neath Road, Briton Ferry.
“The couple have served the community of Briton Ferry for many years and will be greatly missed. Best wishes both for a long and healthy retirement which is well deserved.”
