New owners as town’s Costcutter shop is sold

The Costcutter Store and Post Office in Helmsley now has new owners.

By The Newsroom
Wednesday, 7th October 2020, 10:27 am
The Costcutter Store on Bridge Street in Helmsley was sold off an asking price off £85,000 for the leasehold interest by Christie and Co.
The Costcutter Store on Bridge Street in Helmsley was sold off an asking price off £85,000 for the leasehold interest by Christie and Co.

The town shop on Bridge Street has been sold off an asking price off £85,000 for the leasehold interest by Christie and Co.

The business has been purchased by Quentin Wilson, an experienced operator in the retail and hospitality sectors.

The previous owner made the decision to sell the business in order to focus on another store in his portfolio.

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The business, a national branded village convenience store and post office, stocks quality local produce from farmers, such as soups and butchery products as well as fresh fruit and vegetables, making it popular with locals and visitors alike.

The store was very heavily relied upon by the Helmsley community during lockdown and Mr Wilson intends to continue supporting and servicing the town’s residents.

He said: “We want to ensure this store remains at the heart of the community and I wish to thank the Christie and Co network as their help is an essential step in making this a reality.”

The purchase of Costcutter Helmsley was supported by Christie Finance, with Matthew Gudgeon, Finance Consultant securing the funding for Mr Wilson to acquire the business.