County Durham Premier attracts new owner

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Premier-branded convenience store Tantobie Stores in Stanley, County Durham, has been bought by local businessman Rajan Kumarasamy.

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The outlet comprises a newsagent, lottery, PayPoint, and comes with three-bed accommodation.

Tantobie Stores was previously owned by Adnan Khan Awan who purchased the business in 2013 and after seven years has decided to sell in order to pursue other business interests.

Andrew Birnie, director of retail at Christie & Co, said: “We have a selection of buyers looking for quality businesses like this, both locally and nationally. Before the pandemic, these stores were profitable, and are even more so now that the average spend per customer has risen. People are carrying out their weekly shop, not just top-ups, in convenience stores, so Raj will be extremely busy working many extra hours managing a new business just at the time trade has taken off.”

Tantobie Stores was sold off an asking price of £485,000.