Lifestyle Express store makes switch to Spar

The leasehold shop, in the village of Winscombe, had recently been refitted, but L&F Jones decided to sell it off as part of a “strategic review”.

The successful buyer is Aruna Gamage, who previously ran Crossroads Filling Station in nearby Cheddar on behalf of the MRH petrol station group.

Gamage has entered into a new agreement with Spar wholesaler Appleby Westward , which has already helped re-merchandise the store.

He said: “I have been looking for a convenience store in the local area, so I could run my own business and Winscombe presented the perfect opportunity. I am looking forward to meeting the locals and hope to take the store to the next level with the help of Spar and Appleby Westward.”

Robin Allen, chairman of L&F Jones, said: “We are pleased to have passed the store on to another independent retailer as we continue to focus on operating our remaining convenience stores and our wider business interests.”

The property was sold through adviser Christie & Co. David Morris, associate director, said: “Despite significant change in the last 12 months, the convenience store market remains buoyant as consumers continue to spend in good-quality convenience stores.”

It was revealed in January 2018 that L&F Jones had put a group of four stores on the market. The other three, freehold stores were in Melksham and Trowbridge in Wiltshire, and Shepton Mallet in Somerset.

[“source=forbes]

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