Convenience store for sale in residential area of Edinburgh
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Advert ID
632858
- Leasehold: £25,000 (Stock at valuation)
- Rent: £9,600 (£800 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Key Features
- Town Centre location
- New Lease
- Prime Location
- Offers Invited
Business Details
Convenience store in Residential area, Edinburgh
We are pleased to announce the sale of a well-established convenience store in the vibrant city of Edinburgh. This small yet versatile store offers a diverse range of products, serving the local community with essentials such as groceries, toiletries, pet food, and a selection of hardware and DIY items. Additionally, the store features an extensive array of vaping and tobacco products, including accessories, as well as a variety of snacks, beverages, and confectionery.
The storefront is strategically located to attract consistent foot traffic, supported by prominent signage that enhances visibility. The neighborhood is primarily residential, providing ample opportunities for growth and an expanding customer base.
This venture has been operational for six months, during which it has seen steady development. Unfortunately, due to health issues and family commitments, the owner is compelled to sell the business. This presents a unique opportunity for a new owner to step in and capitalize on the established customer base and the potential for increased sales.
Included in the sale are essential fixtures and fittings such as a CCTV system, a large chiller, a new Monster fridge, a smaller fridge, two counters, two vape stands, a cigarette stand, a newly installed gondola, and a slate wall for displaying DIY and hardware items. The store is also equipped for postal services with APC and DHL parcel options available.
For those interested, the leasehold price is set at £25,000 with an annual rent of £9,600. Additionally, there may be opportunities for sponsorship for further business development. If you are interested in purchasing the freehold, please reach out for more details.
Currently, there is one employee assisting in-store operations, making it manageable for a new owner. This is an exciting opportunity for anyone looking to own a flourishing convenience store in a bustling part of Edinburgh.
If you want to view property you can find us on Restalrig mini market online. Currently weekly sale £2500. Previously shop had a alcohol licence. We didn’t apply for that. There is potential to grow as there is no newspaper and magazines, no pay point, no lottery. I have to sell this shop because of surgery.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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