 | Busy Convenience Store in Inverness For Sale Inverness, Highlands and The Islands, United Kingdom Advert ref: A153 FINANCIAL DETAILS | Asking price: £130,000 Sales revenue: £500,000 Net profit: Undisclosed Fixtures value: Undisclosed Stock value: £25,000 |
BUSINESS DESCRIPTION | Lochardil Stores in Inverness is a well established licenced convenience store located in a highly populated residential area with excellent repeat local business and good passing trade from the adjacent primary school.
The business offers a comprehensive range of general convenience foods, alcohol, tobacco, newspapers and magazines. The mix of sales gives an average gross margin of around 22%.
£6,000 annual rental income is generated by subletting the adjacent unit to a Hair Salon.
This is an easily managed business run by the owner with 3 part-time employees. All fixtures and fittings are included in the sale.
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GENERAL INFORMATION | Employees: Owners and 3 part time
Trading hours: Mon-Sat, 6am-7pm. Sun 6am-2pm.
Property: Leasehold
Lease terms
Leasehold. Rent £17,000 per annum, lease expires 2024. Five yearly rent reviews with next in 2009. Rateable Value £10,000. The Hair Salon rent is £6,000 per annum with the lease expiring in 2009, Rateable Value £3,700.
Living accomodation
A detached single storey building the shop interior has been designed to offer one large, very spacious modern shop with a total area of 134m? (1,440 sqft).
With the majority of the space devoted to the retail area it has been fitted to a very high standard with new ceiling, flooring, racking, refrigeration and other display stands.
Location
The shop is located in a highly visible site on Morven Road in the Lochardil area of Inverness.
Expansion potential
The shop closes at 7pm and 2pm on Sundays. There is excellent potential for increased sales with extended opening hours.
Reasons for selling
Retirement
Financing available
To assist with your business purchase The Business Partnership offer a range of competitive credit packages from a wide range of banks and finance companies.
Related documents
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