Convenience store on Morningside Road in Edinburgh with phone and IT repair services available.
City of Edinburgh, EdinburghEst. 174 years
- Status
FOR SALE
- Advert ID
659781
- Reference
1852 / Rightbiz
- Call Agent:
- Leasehold: £50,000 (Stock at valuation)
- Rent: £18,000 (£1,500 per month)
- Turnover: On request
- Profit: On request
Business Details
Well presented convenience store on Morningside Road, Edinburgh (ref 1852)
Well-presented convenience store. Prime trading location on busy Edinburgh thoroughfare. Additional revenue through phone/IT repairs. Modern fixtures and fittings throughout. c.68 square metres. Scope to adapt and develop existing business. Annual rent £18,000.
LEASEHOLD Guide price £50,000 plus stock at valuation.
Visco sits on Morningside Road, close to the junction at Church Hill in the heart of popular Morningside which is a suburb on the southside of Edinburgh. This prominent location is one of the most desirable and affluent areas in Scotland’s capital and is home to a wide range of independent retail outlets, cafes and restaurants as well as some national companies such as Waitrose and Marks & Spencer.
The area is well served by public transport with the city centre reachable by bus in approximately 15 minutes or on foot within a 30-minute leisurely walk.
Edinburgh city by-pass is located further to the south with Morningside Road being one of the busiest thoroughfares connecting it with the city centre.
Parking is available both on Morningside Road as well as in the surrounding areas.
Visco operates as a convenience store whilst also offering a phone and IT repair service adding additional income. The shop is fitted out to a high standard with quality fixtures and fittings throughout.
Turnover is derived from the sale of soft drinks, confectionary, crisps, tobacco and vapes, alcohol and a small selection of groceries through passing trade and from the many residential properties alongside and in nearby Bruntsfield and Colinton.
The current owner has placed the business on the market to concentrate on other business interests, ideally would suit a hands-on operator.
The premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005.
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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.
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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.
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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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