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Established Convenience Store In Glasgow For Sale

Glasgow, South Lanarkshire, UK
Asking Price:
Offers in the region of £125,000 The business is offered for sale as a going concern to include good
Turnover:
Undisclosed
Net Profit:
Undisclosed

The subjects comprise a ground-floor retail premises within a two-story building of masonry construction under a pitched roof. The glazed double frontage with a flush-glazed entrance door opens onto the retail area. Internally, the open-plan retail space is rectangular in shape.

There is a host of metal adjustable display shelving, greeting card and magazine display racks, a fridge/freezer, a confectionery display to the side, and a tobacco gantry behind the serving counter. The floor is tiled, the walls are plaster/ paint, and the suspended ceiling incorporates fluorescent strip lighting. There are offices, ancillary storage, and staff welfare facilities to the rear. The property also benefits from a secure yard to the rear for deliveries and is accessible from King Street.

Rutherglen is situated within South Lanarkshire, approximately 2 miles south-east of Glasgow city centre. The town enjoys good access to the motorway network. It has a railway station that connects it to both Lanarkshire and Glasgow.

The subjects are located on the north side of Main Street, Rutherglen, close to its junction with Farmeloan Road and Stonelaw Road. Main Street is the prime retail destination for Rutherglen and is anchored by the Rutherglen Exchange Shopping Center, which is located directly opposite the subject premises. Rutherglen Rail Station takes 5 minutes to walk to. Nearby occupiers include Santander, Boots Pharmacy, and Home Bargains.

Tenure: The subjects are available by way of a new lease on full repair and insurance terms, at a rent of £24,500 per annum. Full quote terms are available upon request.

Offers: The business is offered for sale as a going concern to include goodwill, fixtures, and fittings for offers in the region of £125,000 plus stock at valuation.

Trading Information: Best-One is an established business operating as a convenience store selling groceries, confectionery, tobacco and cigarettes, magazines, ice creams, greeting cards, crisps, snacks, and soft drinks. The business does not retail alcohol or Lotto. The business benefits from being a Paypoint and Payzone outlet. There is scope to add Collect Plus, Hermes, DHL, Uber Eats, & Deliveroo. The business enjoys regular all-year-round trade from the many shoppers and workers, such as the trading position. The business trades Monday through Saturday, 6am to 9 p.m., and Sunday, 8am to 8pm.

The EPOS system provides a breakdown of sales and supplier invoices and confirms current weekly gross sales of c. £11,500. Full trading, profit, and loss accounts will be made available to seriously interested parties after the viewing stage.

Rateable Value: According to the Scottish Assessors Association, the subjects have a rateable value of £16,000.

EPC: A copy of the Energy Performance Certificate (EPC) is available upon request.

Key selling points:
Established business

Self-employment opportunity

Town centre trading position

Gross sales: c. £11,500 per week

Potential to increase turnover

Property Information

Property:

Freehold

Size in square feet:
2551 sqft