Christie & Co.

Llandudno Londis attracts new owner

Experienced retailers the Tharmapalan family will be relocating from London to run the store.

The Tharmapalan family, seasoned multiple operators, has bought a Londis-branded convenience store in Llandudno, North Wales.

The family, who will be relocating from London to run the business, secured funding for their purchase through commercial finance specialist Christie Finance. The Tharmapalan family says it aims to ensure the store remains a large part of the local community.

The Tharmapalans bought the store from the Boughen family. The Boughens have decided to challenge themselves to a new business venture in the hospitality sector.

James Moore-Martin, Retail Director at Christie & Co, said: “I am delighted for the Boughen family, who received a multitude of strong offers from serious operators from across the country and ultimately achieved a sale above asking price, after multiple rounds of bids.”

Moore-Martin referred the Boughens to Christie & Co’s Hospitality team, to assist their search for a hotel in Llandudnom, which identified Belle Vue House.

Moore-Martin said: “It was great to be part of this deal where we were able to act for both sides in selling their businesses. Belle Vue House ticked a number of boxes for the Boughens due to its position near the sea in a popular tourist destination and low maintenance business model set up as holiday apartments. Llandudno is proving to be very popular presently, we recently agreed the sale of another hotel on the seafront which has an asking price of £1.25m.”

The Boughen family said: “We are currently taking a break before we begin operating Belle Vue House. So now, lying on a beach in Mexico, we can say thank you Christie & Co for helping our dream of owning a hotel come true – we can’t wait to get in there.”