Convenience Store for sale

Commercial information

• Business for sale

Full description

Description

The business occupies a section of the ground floor of a former two storey merchant mansion building, with Boots occupying the other half along with a small local butcher. This Victorian Building is of stone construction with a pitched tiled roof. The total floor space is 148.3 square metres (1596 sq ft.).

The store has a separate entrance and exit door along with four large windows (currently covered with internal shop graphics).

There are parking spaces directly in front of the store and there is also a car park directly across the road from the shop. The store is situated on Shore Road, the main thoroughfare through the village of Kilcreggan. The ferry pier that links the village with Gourock also sits adjacent to the store alongside the main car park.

Kilcreggan is a resort village located at the South tip of the Roseneath Peninsula, Argyll & Bute. The village is approximately 15 miles from Helensburgh via The Gare Loch, home to Faslane Naval Base and 48 miles northwest of Glasgow.

The Village was formed initially as a summer retreat for wealthy sea merchants from Greenock and Glasgow and this is reflected in the attractive and large residential properties in the village, with many having been converted into hotels and bed & breakfast accommodation.

The store comprises a counter to the right of the doorway and runs the width of the store with spirits and wine for sale along with a cigarette gantry behind it.

Twin gondolas run the length of the store along with perimeter shelving units for a magazine display, general grocery, household goods, alcohol and confectionery. There are chillers for soft drinks, fresh items and alcohol.

The floor is vinyl tiled along with a grid tiled ceiling and strip lighting.

There is a storeroom to the rear of the shop along with office and WC.

With the exception of the lottery terminal, all fixtures and fittings are owned outright.

Freehold with an asking price of £190,000.

Alternatively, a new lease is available with an asking price of £40,000 with an initial annual rental of £9,600.

The existing owner has decided to sell due to retirement.

The store is seen as integral to the local community and as such, commands a loyal customer base.

It would suit a first time operator looking to move into the convenience trade. In an enviable location, the business could be transformed by adding to the current offering in-store with services such as hot food to go, seasonal products and local convenience lines along with extended opening hours.

A new owner could increase turnover and profit by adding new chillers and other fittings to the store to modernise the business.

The property could also be changed to alternative use, subject to local authority approval.

The business currently runs with a mixture of full and part time staff.

Transfer of Undertakings (Protection of Employment) Regulations (TUPE) will apply to any remaining staff.

Full details available on request.

Sales are currently averaging between £15,000 and £16,000 per week and pre-covid sales were consistently at £9,500 per week.

All account information will be made available after a formal viewing has taken place.

Monday to Saturday
7am - 6pm.

Sun day
8am - 3pm

Due to the stunning location of the business and the seasonal aspect of the village, there may be an opportunity to change the use of the property. Any changes may be subject to local authority approval.

The rateable value of the property is presently £15,600 (2017).