Convenience Store for sale

Costcutter, 2/4 The Square, Mintlaw, Aberdeenshire, AB42 5EH

Under Offer £100,000

Property Description

Commercial information

  • Business for sale

Key features

  • Weekly Sales c. 19,000 (ex services)
  • Company-managed operation
  • Prominent village location
  • Gross Profit margin 20%
  • 100% rates relief (subject to status)
  • Energy Rating F

Full description

Tenure: Leasehold

Description

A fantastic branded convenience store opportunity, with sales averaging around £19,000 per week. A company managed store this business is ideally suited to a 'hands-on' owner, who will be able to fine tune the operation and develop both sales and profitability further.

Located in an enviable rural location this opportunity offers a more flexible lifestyle proposal.

Location

Mintlaw is a thriving rural Aberdeenshire village located in the north-east of Scotland. Situated along the A952 the village forms part of a geographical cross-roads and is approximately 30 miles north of Aberdeen, nine miles west of Peterhead and 12 miles south of Fraserburgh. The 2001 census recorded a population of 2,647 people, however, with recent housing developments this number continues to rise.

The subject property is located in a visible position on The Square, the main junction in the heart of Mintlaw. Other occupiers nearby include a bar/restaurant, Rowlands Pharmacy and an Indian takeaway.

Internal Details

The subject property occupies the ground floor only, with front sales section and rear storage and staff facilities.

The main sales area offers a modern fit-out with two EPOS tills housed on the service counter to the front. Excellent perimeter refrigeration and central aisle gondolas provides adequate display space.

Tenure

The premises are held on an FRI lease expiring June 2027 at a passing rent of £21,300. The property is available by way of assignation or sub-lease, subject to status.

Further detailed information is available on request.

External Details

While street parking is available directly to the front of the premises a dedicated customer car park area is available to the rear with space for approximately 20 cars.

The Opportunity

A licensed village convenience store currently branded with Costcutter although also available without tie. This is a company-owned operation, although no longer part of our clients strategic plans going forward..

The store benefits from both PayPoint and National Lottery services and is currently trading on relatively modest opening hours, which could be increased. This walk-in condition opportunity is long established within Mintlaw and is generating sales of around £20,000 per week net of services.

Staff

The business is currently run under management control. Full details of staffing numbers and costs are available to seriously interested parties on request.

Under NO circumstances should any approach be made to staff.

Trading Information

Management accounts will be available on request.

Trading Hours

Monday-Friday
6.30am to 8pm

Saturday
7am to 7pm

Sunday
9am to 5pm

Business Rates

Rateable Value (2017) is £14,750 with the Uniform Business Rates for the same period £0.466. The property is eligible for 100% rates relief currently (subject to status) and interested parties are advised to make their own enquiries in this regard.


More information from this agent

Nearest station

  • Inverurie (21.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Inverurie (21.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 5218560-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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