Convenience Store for sale

Keystore & Post Office, 34 St Andrews Road Lhanbryde, Elgin, Scotland, IV30 8NZ

Fixed Price £350,000

Property Description

Commercial information

  • Business for sale

Key features

  • Currently weekly sales averaging 20,000
  • Post Office income c.34,000 pa
  • Village location just off A96
  • GIA 171 sq m (1,840 sq ft)
  • Long established & profitable business
  • Energy Rating G

Full description

Tenure: Freehold

Description

A long established retail convenience store in a popular rural village in Northern Scotland.

The business is currently generating over £20,000 per week in retail sales (excluding services) with additional income generated from the Post Office, a designated 'Community' branch.

The current owners have decided to sell with a view to retire, thus creating an exciting self-employment opportunity that is likely to suit both first-time entrants and experienced retailers.

The business operates at the heart of the local community making this a genuine lifestyle opportunity while also proving a strong underlying secure income stream.

Location

Lhanbryde is a village that lies four miles east of Elgin and close to the northern coastline in Moray, Scotland. The village is situated just of the main A96 between Aberdeen (64 miles) and Inverness (42 miles) and has a resident population of around 2,000.

The subject property is located conveniently along the main thoroughfare in the heart of the village and adjacent to the local pharmacy and butchers.

Internal Details

A modern and well equipped store with associated 'Keystore' branding throughout from their main wholesale supplier. A two position sale counter located to the near side with bakery display alongside. There is prominent alcohol shelving along the immediate perimeter with refrigerated beers and wines alongside.

Significant refrigerated displays are located along the perimeter with additional shelving and gondolas positioned throughout the store. The Post Office counter is located to the rear of the premises although a new owner may look to re-arrange with the option of a combi-counter arrangement.

A store room with toilet is located to the rear.

Proposal

The subjects are being offered on a freehold going concern basis. An asking price of £350,000 is being sought plus stock at valuation.

Staff

The business operates with a number of part-time and full-time employees. Anonymised information will be available on request at post viewing stage.

Trading Information

Currently weekly sales are averaging £20,000 per week excluding services. The Post Office income last year was circa £34,000. Management Accounts and departmental data will be available to seriously interested parties.

Trading Hours

Monday - Saturday: 6am to 9pm
Sunday: 8am to 9pm

Post Office hours restricted over Monday -Saturday (Sunday closed)

Business Rates

The Rateable Value is currently £8,100 (effective April 17). The property qualifies for 100% rates relief (subject to owner's status) so all interested parties are advised to check with the relevant Local Authority.

Regulatory

Post Office: The transfer of the Post Office is subject to approval from the relevant PO Network. Further information available on request.


Nearest station

  • Elgin (3.3 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.

Floorplans


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

  • Elgin (3.3 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 5218604-fh. 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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