A Welsh retailer of 24 years has decided to call it a day, selling his convenience store in Gellideg, near Merthyr Tydfil.
The Gellideg Post Office & Stores, with a Premier fascia, has been owned and operated by Mark Reynolds since 1997.
“I have thoroughly enjoyed serving the local community and I am grateful for all their support. In that time, my staff have been brilliant and I wish them well moving forward with the new owners,” he commented.
The store, brought to the market through specialist business property adviser Christie & Co, has been acquired by Nitharshanan Jeyaratnam, a first time buyer from London, who has relocated to the area to operate the business, renting accommodation nearby.
Jeyaratnam also secured funding for the purchase through Christie & Co’s sister company, Christie Finance.
“We are very pleased with the purchase of this fantastic store. Firstly thanks Mark for your belief in us to run the store and build on the foundation you have laid over the last 23 years,” Jeyaratnam commented.
“I would also like to thank Jamie Williams, Jimmy Johns and Hitesh Mistry who have supported us through the journey and secured the deal as promised. It is an amazing place for our future and we look forward to getting in there.”
Jimmy Johns at Christie Finance added: “It was a pleasure to work with Nitharshanan and his wife, Swarnapratha, to support them with their first acquisition in the convenience retail market. We saw interest from a number of parties to acquire Gellideg Post Office and we’re pleased to have helped Nitharshanan and Swarnapratha to secure the funding they required. I would like to wish them all the best with their new business venture.”
