Glendale Paints: on the market after 44 years in business
Glendale Paints, an independent chain of quality paint and DIY shops in Northumberland and the Borders, is now on the market after 44 years in business.
The family business is being sold as a trading business due to the forthcoming retirement of owners, Harry and Wendy Grant. Glendale Paints is made up of four stores located at Kelso, Berwick, Wooler and Alnwick. Over the years, the brand has become a local household name, supporting the community and the British industry; stocking everything from quality paints and wallpapers through to everyday DIY supplies.
Speaking about the sale of his business, Harry Grant said: “Glendale Paints has been my life and passion for 44 years. The team behind me, comprising my wife and amazing and loyal staff over the years, has made Glendale Paints into a thriving local high street business.”
We are marketing the portfolio of four retail properties as a well-established business and an excellent investment, we are inviting offers to the George F. White Alnwick branch. Three of the trading properties are owned freehold and one is held leasehold. They are available either as freehold or leasehold on terms to be agreed based on new 10-year leases with five yearly rent reviews on FRI (full repairing and insuring) terms.
Simon Brierley, a commercial consultant at George F. White, said: “This is a rare opportunity to purchase a flourishing and well-established business portfolio with a wide customer base from North Northumberland to the Borders and we are thrilled to have introduced the property to market. Glendale Paints is a household name in the region and sells and stocks an exhaustive range of products. The brand is also used by the trade for supplying larger quantities of product. There is an element of flexibility with the opportunity to lease the four outlets or purchase on a freehold basis. I urge anybody with the intent to find out more to get in touch as we’re confident interest in the properties will be high and they won’t be on the market for too long.” interest will be high.”
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