Petrol Station And Convenience Store In Newton Stewart | | Newton Stewart Dumfries and Galloway | | Filling Station and Convenience Store, Newton Stewart, Wigtownshire, T/O: £2,400,000 GP: 6.25% Huge scope, Potential to expand retail sales, Ideally located on busy main road, Long established business. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66284
ADVERT IMPRESSIONS : 26,759 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Petrol & Filling Stations | | SALE: | Agent Sale | FREEHOLD: | £575000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Creebridge Garage occupies a prominent main road trading position on a busy access route into the town. The business is located in Minnigaff, on the outskirts of Newton Stewart in Wigtownshire and to the east of the river Cree. There are over 500 residential properties in Minnigaff and all new housing development will take place this side of the river. The business has a monopoly trading position in the area and boasts easy access to the A75, which runs from Dumfries to Stranraer. Newton Stewart is known as the Gateway to the Galloway Forest and is a popular destination for tourists. Stranraer lies approximately 26 miles to the west, while Dumfries is approximately 52 miles to the east.
Business History
Preferred Commercial is delighted to offer for sale this busy filling station and convenience store, which was established in 1968 and which has been in our client's careful hands since 1981. The business is only now being placed on the market due to our client's wish to retire. Creebridge Garage generates a turnover in the region of £2,400,000 per annum with a gross profit of 6.25%, derived from fuel sales, tobacco, snacks and sandwiches and general convenience lines. The garage also offers PayPoint facilities, Calor Gas and a jet wash. The filling station is Jet branded and offers the cheapest fuel in the area. The pumps were replaced in 2007 and the fuel storage tanks were relined 5 years ago. There is scope for a new owner to increase turnover by applying for an alcohol licence, the Lottery and to sell newspapers and magazines. We are advised that planning permission has now lapsed to extend the shop onto the grassed area to the side and that the building was constructed to allow for the addition of living accommodation above. The shop roof is flat and constructed from 150mm fireproof concrete which would allow the new accommodation be built on top of the original structure. Re-application for planning permission should be straight forward. The business is located in a rural area east of the river Cree and qualifies for 100% rural rate relief and 50% grants available for upgrades of the business as the business is located in rural Scotland. We feel this is an ideal opportunity to acquire a well-established filling station and convenience store with immense scope for future development. Early discussions with Preferred Commercial come highly recommended.
Financial Details
T/O: £2,400,000 approx.
GP: 6.25%
Scope to develop further
Opening Hours
Mon - Sat: 7.30am - 10.00pm
Sun: 8.00am - 10.00pm
Accommodation Details
Spacious filling station and convenience store located on a busy main road leading into town. Briefly comprising:
Shop
• Main sales and display area fitted to suit the trade with a range of shelving and chilled display units, retail counter with EPOS system. Ceiling mounted air conditioning. Gas central heating (boiler replaced 2 years ago)
• Small office with computerised sales system
• Staff WC
Forecourt
• Canopy over 4 pumps offering 6 petrol and 6 diesel. 5 x fuel storage tanks (re-lined 5 years ago).
• Jet wash
• Calor Gas store
• Ample customer parking
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2621 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
