Latest News from Everett Masson & Furby

Despite the cuts of the coalition, Andrew Wilby of Everett Masson & Furby (North East & Cumbria) reports strong interest for competitively priced businesses across his operating regions of Northumberland, Cumbria, Teesside, Co Durham and Tyne & Wear. Many of these areas are heavily dependent on local authorities for their economic survival, yet despite this says Andrew Wilby "there is active and strong interest from business purchasers".

Catering businesses he continues are the strongest sellers at present and disposals for Cooks The Bakers in Blyth, Hartlepool and Consett together with a fish and chip shop sale at Blackhall Rocks all emphasise the popularity of the catering sector. The relative ease of operation of the daytime food industry says Wilby means such a business is ideal for a first time or experienced operator. New entrants can come in to catering without the need for chefs and those more qualified and experienced can take existing businesses to another level he continues.

Having some of the most spectacular tourist destinations Everett Masson & Furby North East Office which includes the Lake District and spectacular Northumbria also presents purchasers with excellent value for money as quite simply the more north we travel the more property and business we are able to obtain. Many of the businesses we have available in the north east have substantial gardens, extensive accommodation and a real sense of belonging to the community as they are often genuine heart of the community stores.

Typical examples of businesses available which meet the criteria are Swarland Village Stores in the model village of the same name just a stones throw from Alnwick regarded as one of the best places in the UK to live. Over in Kendal in Cumbria we have available Café 34, one of the best bistros in the area and across in Boldon Colliery a high salary post office with a suburban freehold also reflects again the value for money in the north east.

With the economic climate proving even tougher as we move into winter, Andrew Wilby continues that many purchasers who have a northern streak for commonsense and value for money are seeing that the market is now presenting one of the best opportunities for entrepreneurial purchasers to return. As the multiple operators continue to struggle through their over borrowing, restricted formats and staff run operations the opportunities for skilled and enthusiastic owner operators are proving substantial.

At long last he concludes the real redundancies are now starting and just like the recession of the 90's and that of the 80's a new breed of purchaser with a redundancy package, some enthusiasm and some corporate discipline is now returning to the market. For vendors this is excellent news as sensible purchasers with cash and the ability to meet the stringent demands the banks are imposing are at long last putting their heads above the parapet.