Nine staff at the HMV music store in Bradford city centre are celebrating after their jobs were saved after restructuring firm Hilco bought 141 stores, including 25 previously slated for closure.

The deal – reportedly for £50 million – saved around 2,500 HMV jobs after Hilco, which already owns HMV Canada, clinched a deal with administrators Deloitte after negotiating revised terms with landlords and the key suppliers to the business.

John Chapple, manager of the Broadway store, which is one of the few surviving shops on the once-thriving street, said everyone was relieved and delighted that the future of the branch had been secured.

The takeover by Hilco has saved a total of 2,500 jobs. HMV had 223 stores across the UK, employing 4,123 staff, when weak consumer spending and intense competition from the internet and supermarkets forced it into administration in January.

Mr Chapple said: “It’s been a burden operating in uncertain conditions while the business was in administration and other stores were being closed. But it’s fantastic that this branch is among those included in the purchase by Hilco.

“We’ve been helped through a very difficult period by both our suppliers – although the level of stock we’ve been able to carry has been limited – and our customers, many of whom we see daily or weekly. We’ve even had boxes of chocolates from customers which is fantastic.

“Now that HMV has been bought, we can look forward to a new future, restore our ranges and trading levels and rebuild the business.”

Bradford Council leader Coun David Green welcomed the move, saying: “I’m delighted that the Bradford HMV store has been saved. I hope that as we see the Westfield development start, along with other city centre improvements, it will be able to build its trade and become an even stronger operation.”

The Bradford store is among several across Yorkshire to have been rescued, including those at the White Rose shopping centre and The Headrow in Leeds, and stores in Harrogate and York.

Hilco chief executive Paul McGowan said the group spent weeks discussing fresh terms with landlords and suppliers, which all supported its plans to keep the chain on the high street. Hilco plans to replicate some of the success it has had with HMV in Canada, which it bought almost two years ago and is now “trading strongly”.

Mr McGowan said: “The structural differences in the markets and the higher level of competition in the UK will prove additional challenges for the UK business, but we believe it has a successful future ahead of it.”

Hilco will reverse plans to sell tablets and other devices in stores and “reclaim the space for an enhanced music and visual range”.