Wessex Retail has bought the Avon Gold Premier Store in Keynsham, Somerset, to turn into a new SPAR store. Wessex Retail plans to renovate and rebrand the store, to introduce a variety of product ranges, promotions, and a larger hot food offering to help increase gross profit margins.
Previous owners Tony and Alisson Mallaban, who owned the business since 1997, decided to sell it in order to pursue retirement. Tony said: “In the 23 years that we have owned the supermarket, it has grown into a thriving, well supported, local business offering a wide range of goods and services. The time was right for a new owner to bring fresh ideas to the business and we are looking forward to our well-earned retirement.”
Jamie Williams, retail business agent at Christie & Co, added: “The business was sold to a top regional corporate who is currently working on a refit and rebrand. Keynsham will soon be served by a high-quality retail offering in the form of a SPAR store. Avon Gold Supermarket is the third store purchased by this client in the South West this year. The retail market is continuing to remain robust and is likely to improve in the second half of 2020.”
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