15/0715, Profitable Convenience Store Business & Freehold For Sale

15 Brown Street, West of Scotland, Scotland , Port Glasgow, PA14 5BP

About the property

The business has been a successful convenience store for the last 35 years. The current owners have operated the business for the last 7 years and have decided to place it on the market due to other business interests.

Although the business is trading well there is scope to increase sales and profits with local advertising and expanding the food to go offering and alcohol range.

The store stocks a selection of convenience/grocery items including alcohol, cigarettes, newspapers, magazines, confectionery, soft drinks, general groceries and has food to go including hot/cold filled rolls, hot drinks and soups. The food to go is a great addition to the business as it increases the overall profit margins compared to other similar businesses.

The store also benefits from services including Lotto and Paypoint. 

Turnover

£7,800 per week

Net Profit

Undisclosed

Internal Details

The store is well designed with a sales counter on the left hand side with shelving and refrigeration throughout. There are 2 storerooms, commercial kitchen and a WC to the rear of the property.
The property extends to a Net Internal Area of approximately 750sq ft, all on the ground floor.

Location

The business is located on Brown Street, Port Glasgow. Port Glasgow is the second largest town in the Inverclyde council area with a population of approximately 17,000.
The business benefits from having a bus stop and a car park for approximately 100 cars opposite the store.
Nearby occupiers include Tesco, B&Q, Costa Coffee, Dental Surgery, Shore St Church and a community hall. There is also a new housing development nearby under construction.

Business Hours

Mon - Sat: 5am – 7.30pm
Sun: 5am – 1pm

Legal Fees

Each party will be responsible for their own legal costs incurred in the transaction.

Financial Information

Offers over £149,950 are invited for the business and freehold.
Stock will be additional to the price at valuation.

Turnover:
£7,800 per week (without services)
£13,000 per week (including services)
Goss Profit: 27%

Tenure

Freehold for sale.

Business Rates

The property is entered in the current Valuation Roll as having a Rateable Value of £4,600.
Subject to qualification, it is assumed that a new tenant would be eligible for 100% Small Business Rates Relief.

Viewing & Further Information

**STAFF UNAWARE**

Strictly by contacting the sole agents:-

Jindy Aujla
Clyde Business Sales
McCormick House
50 Darnley Street
Glasgow
G41 2SE

0141 387 2188
0788 760 4449
Email: jindy@clydecommercial.com

Map & Directions

Additional Information

Ref #: 15/0715
Location: 15 Brown Street, West of Scotland, Scotland , Port Glasgow, PA14 5BP
Category: Convenience Stores
Property type: Freehold
Total viewing: 1324
Parking:
Property document

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Contact details

Name Jindy Aujla
Address 50 Darnley Street Pollokshields Glasgow - G41 2SE
State/Province Scotland
Country United Kingdom
Phone:
0141 387 2188
Mobile:
0788 760 4449