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 Tuesday, 18th August 2009, 16:10:00

Leamington businessman offered £35k for domain name

Leamington businessman offered £35k for domain name

An entrepreneur from Leamington has been offered £35,000 for his guitar.co.uk domain name.

Richard Cholerton, who owns Richard's Guitars in Regent Street, was offered the money along with a share of the profits for his web address.

However, the 37-year-old businessman refused to sell the internet real estate, despite the high offer for the domain name, reports the Coventry Telegraph.

"Although £35,000 is a lot of money, the domain name is actually worth a lot more to me because of my lifestyle and the way I run my business," he commented.

Mr Cholerton noted that many people thought his decision to purchase the domain name for £10,000 ten years ago was "mad".

Purchasing one of the top generic domain names might be a sound business decision as it automatically gives a company a higher online profile.

A small sweets company recently purchased Candy.com for $3 million (£1.83 million), but the decision was applauded by domain name news provider Elliot's Blog, which said that the firm had made a "very smart strategic move".

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