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Exceptionally Well Performing Convenience Store Newsagents

City of Glasgow, Glasgow
Leasehold Price:
£39,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
247055
Reference
B05448 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, turnkey convenience store / newsagents’ business with an excellent reputation.

The business has only now been placed on the open market as it’s our clients desire to focus on his other business commitments.

Cathkin Newsagents has been operating under the careful and meticulous ownership of our client since late 2016.

The business offers a wide range of goods from newspapers & specialist magazines, confectionary goods, cigarettes, Alcohol, fresh rolls, household items & greetings cards

All this has led to an enviable reputation with many loyal repeat customers within the local area. It must also be stated that the current owner also has an application pending to introduce Post Office services within the store as well.

There is scope to increase turnover with additional opening hours of the business and expanding some of the retail lines currently stocked along with the possible undertaking of a robust localised marketing campaign to highlight the products available.

The business trades on its reputation for service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.



Location
The business is ideally situated on Cathkin Drive within the affluent Clarkston area in the city of Glasgow. The store occupies a highly prominent corner trading position set amongst a densely populated residential area, resulting in a high volume of footfall and passing trade.

The area is well serviced by the public transport system with several bus stops within easy walking distance of the business along with Willamwood station being within a quarter mile of the store.

Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre. The city offers many amenities for a wide range of cultural activities, from curling to opera ballet and sporting events.







Premises
The business occupies a well-presented retail premises and benefits from premium branding to the exterior.

The main store is fitted to a modern standard and is bright, clean and benefits from large service counter, to compliment the perimeter shelving, and further benefits from a good selection of fully fitted refrigeration units. Behind the service counter there is the cigarette gantry, electronic bill payment area, along with the alcohol section. To the rear of the premises there is a staff rest room area / stores area.

The premises also benefit from CCTV, security door and alarm system.

The business is well signed and easily visible.



Tenure
We are advised that tenure is offered on a leasehold basis
Rent £5196 Per Annum
Lease – 10 years with 7 years remaining




Hours
Monday to Thursday 05:30 – 20:00
Friday & Saturday 05:30 - 21:00
Sunday 05:30 – 16:00




Staff
The business is currently run by the owner along with 3 part time staff.



Financial Profile
No accounts were seen at time of appointment, but turnover estimated to be in the region of £159,000 per annum.



Seller Details
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Listing Details
Leasehold Price: £39,950
Tenure: Leasehold
Sector: Convenience Stores, Off Licences
Financials
Annual Turnover: £160,000
Location Statistics
What's nearbyi:
My Dwelling (approx. 0 mile)
Bridge Sociëteit Roermond (approx. 0 mile)
Glasgow Denture Studio (approx. 0 mile)
City of Glasgow College - Marine Skills Centre (approx. 0.8 mile)
Glasgow Central Mosque (approx. 0.8 mile)
Central Mosque Car Park (approx. 0.8 mile)
City of Glasgow College - Riverside Campus (approx. 0.8 mile)
1 Mosque Ave Parking (approx. 0.9 mile)
Anderston Superstore (approx. 0.9 mile)
Halls of Residence, City of Glasgow College (approx. 0.9 mile)
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