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Retail Property (high street) for sale

Bank Street, Cromarty, Ross-Shire, IV11

Offers in Region of £60,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Leasehold
  • Licensed, Lotto, ATM
  • Enviable Location
  • Turnover in excess 9,500 per week

Full description

Tenure: Leasehold

Cromarty Stores is an extremely well run business that has been run by the current proprietors since 2011. The property has been placed on the market due to the current vendors wish to retire. The business trades throughout the year benefiting from being part of the Keystore Group, and offers an excellent range of general groceries, beers wines and spirits.

It enjoys much repeat custom, particularly due to its excellent location surrounded by residential property, in the popular tourist stop of Cromarty.

The business operates seven days per week trading from;
0800-1730 Mon-Thu
0800-1900 Fri
0900-1730 Sat
1000-1400 Sun

Cromarty Stores offers a large selection of general grocery produce, frozen foods, chilled goods, tobacco products, beers spirits and wines. The business also offers an excellent range of confectionery, soft drinks, newspapers and magazines along with stationary.

The business also benefits from having a National Lottery terminal, Scratch cards, Paypoint and the Health Lotto.

In addition to all of the above the business also benefits greatly from having an ATM machine. The machine is externally managed, providing an annual rental to the vendor.

Cromarty is a town, civil parish and former royal burgh in Ross and Cromarty, in the Highland area of Scotland, just 30 minutes from Inverness.

Cromarty Stores is well located on Bank Street in the centre of the village.

The Property
Cromarty Stores is a detached stone built property. The main entrance is from the front which in turn leads to the main shop floor and storage area to the rear. The main counter is to the right, and offers an excellent vantage point over the shop floor.

The sales floor is well presented with a good combination of island shelve units and wall mounted displays.

To the rear of the shop floor you will find a store room and managers office, together with staff WC and kitchen facility.

The business also benefits from having a full EPOS system.

Owners Accommodation
None. Lock up unit.

Service Areas
As expected with a property the size and style of Cromarty Stores, there are amply service areas, including a storage area to the rear of the shop.

The property is straight to street with ample on street parking surrounding the business.

We are advised all mains services are present.

The property is held on the Scottish equivalent of leasehold. The current lease is for a period of 25 years from 2011. The annual rental is circa 12000.

The business trades with the benefit of a full Licence, and conforms to all fire regulations.

Trading Figures
Accounts are available on request after a formal viewing has taken place.

The sale of Cromarty Stores offers a rare opportunity to purchase a high quality, profitable business which is trading well but with potential for expansion of the business. It benefits from its excellent location within a popular residential area.

Offers in the Region of 60,000 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.

Strictly by appointment through the sellers' sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

All offers, couched in Scottish Legal Terms, should be submitted to the seller's sole agents Bruce & Company.

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