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Convenience Store Refurbished to a High Standard

City of Glasgow, Glasgow
Leasehold Price:
£154,950
Status
FOR SALE
Advert ID
250094
Reference
B05559 / Rightbiz
Business
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, “turn key” mini supermarket store with an excellent reputation.

The business has been placed on the open market as it’s our clients desire to concentrate on other business interests.

Keystore East Kilbride has been operating under the careful and meticulous ownership of our client for the last year and who has grown the business to an impressive level with turnover and net profit now at a consistently good level.

The business stocks a wide selection of convenience items from:

  • Fresh produce
  • Frozen foods
  • Cigarettes
  • Off Licence sales
  • Lottery sales
  • Confectionary
  • Groceries
  • Greetings cards
  • News sheets
  • Paypoint services
  • External ATM machine
There is scope to increase turnover with additional opening hours along with the provision of a hot food service/takeaway/bakery and expanding some of the retail lines currently stocked and paper delivery service along with the possible introduction of Post Office services

The premises are in fantastic general condition having recently undergone a major refurbishment and are well maintained throughout.  We feel that this is an excellent opportunity for a new owner to take this popular business to the next level.

A tremendous opportunity to own this turn key business, and early enquiries must come highly recommended to avoid disappointment.



Location
The business is ideally situated within a small parade of retail premises consisting of independent businesses on Old Coach Road within the town of East Kilbride (G74). The business benefits from being located within a densely populated residential area thus leading to a very good level of footfall and passing trade.

The town of East Kilbride is well serviced in terms of local amenities with the Play Sport Complex which has football pitches, a nine-hole golf course, tennis courts and swimming pool, The James Hamilton Heritage Park, which has a loch and water sports centre and Calderglen Country Park is also within easy reach. The town further benefits from having well regarded primary and secondary schooling.

East Kilbride is approximately 10 miles from Glasgow City Centre 15 miles from Glasgow Airport and 30 miles from Prestwick Airport. The town has excellent public transport services including regular train services into Glasgow Central Station, with easy access for the M8, M77 and M74 motorway networks, making it ideal for commuting.



Premises
The business occupies a substantial retail premises and benefits from excellent signage to the exterior.

Main store

Fitted to a very good, modern standard

Bright and clean

Large, modern, service counter

Electronic till point

Cigarette and alcohol gantry

Benefits from large centre display units running almost the full length of the shop

Freezer units to compliment the perimeter shelving & racking display units

Good selection of fitted refrigeration units.

To the rear of the premises:-

  • Office
  • Storage area with shelving
  • Toilet facilities
  • Kitchen area
The store also benefits from CCTV, Alarm System and roller shutters to the front of the premises.



Tenure
We are advised that tenure is offered on a leasehold basis

Current lease 21 years with 19.5 years remaining  

Rent £13,800 Per Annum



Hours
Sunday – Thursday 0700 – 2000

Friday & Saturday   0700 – 2200



Staff
The business is currently run by our client with the help of 1 full time member of staff.



Financial Profile
We are advised turnover is in the region of £411k Per Annum. 

Accounts will be made available to all interested parties.



Listing Details
Leasehold Price: £154,950
Tenure: Leasehold
Location: City of Glasgow, Glasgow
Sector: Convenience Stores, Off Licences
Financials
Annual Turnover: £411,018
Contact Agent
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Advert Reference: B05559 / Rightbiz

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