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N K Collection Gift Shop, Kingussie
Price:
Freehold - £130,000
Location:
Scotland, Highland, Kingussie
Business Type:
Retail businesses
N.K. Collection has, in its day, been a most popular fashion, arts and crafts shop situated in a prime trading location on the busy thoroughfare of Kingussie within an area possessing a diverse range of other retail outlets close by. Historically the business catered to a solid year-round demand from local residents, with tourists boosting turnover between Easter and October and boosted by exceptional sales in November and December in the run up to the Festive Season. In the past the mainstay of turnover was driven through fashion accessories and jewellery sales but with income supplemented by a wider range of merchandise including; ceramics, paintings, prints, art materials, wood craft, lamps, mobiles, and general ornaments. In addition, the Shop also generated some income through the sale of teas/coffees and light refreshments. The current trading levels of the business are intentionally maintained at a low level due to the pending retirement of the owner. Opening hours and business development is necessarily restricted as the vendor is in his 77th year and now takes a more relaxed view to the business operation.
The interior of the shop benefits from intelligently laid out display cabinets and shelving that shows the wide range of products to good effect, making superb use of the available sales area. The Shop premises are set on the ground floor providing easy access for customers, with two street level doors which can both be utilized. The Shop has a good level of natural lighting through four street-facing windows offering a spacious display advertising capability. Benefiting from excellent storage and toilet facilities within the main body of the building makes this a self-contained and uncomplicated operational layout.
Kingussie is a popular town with approximately 1400 residents and services the wide rural community of Badenoch. It has excellent road and rail links and the Town is well known for its Shinty Team plus its association with the hit TV series Monarch of the Glen. The region is also a most popular tourist destination and Kingussie is well served with shops, facilities and services for visitors and residents alike sitting within the Cairngorm National Park. The locality is used as a central location for exploring the broader area and taking in its many attractions. The region is famous for its wondrous landscapes and outdoor activities based within the Cairngorm and Monadhliath Mountain ranges. Hill walking and water sports are popular in the summer season and the area benefits from ski provision, and snow and ice climbing in the winter. Other outdoor pursuits such as bird watching, shooting and fishing also draw a great many visitors to the area who take advantage of the abundance of wildlife in the Spey valley. For the dedicated golfer there are a number of good quality courses within the immediate area, Boat of Garten, Newtonmore, Kingussie and the new Highland Resort Championship course at Aviemore . Castles and distilleries offer the more pedestrian tourist with places of culture and history to visit. Kingussie enjoys a most suitable geographic location as a base from which visitors can continue their odyssey of both the Highland and Grampian regions of Scotland. These activities/attractions lead to a high footfall level and potential customer base for N.K. Collection. Kingussie also provides a culturally rich living and working environment, the area is renowned for its quality of life.
A new private housing development has been completed at Kincraig, 4 miles North and planning permission has been passed for a substantial private development in Kingussie and Newtonmore, 3 miles South of Kingussie, increasing the potential for the retail shop
The present owner purchased N.K. Collection approximately 16 years ago and has enjoyed the profitable and independent lifestyle that accompanies self-employment. It is his imminent retirement that brings this desirable property on to the market. Though the business is not being sold as a trading entity, the vendor would be content to leave the fixtures and fittings at no additional cost; stock is also available for sale at stock trade cost valuation.
Any new owner could operate the business as it is presently configured but placing a greater emphasis on driving trade. Alternatively, the premises could be adapted and new owners could change the operating model of the business subject to any necessary local authority consents.
THE PROPERTY
The property is of traditional stone construction on the ground floor only. Unrelated domestic accommodation is situated above the shop. The business is arranged as follows:-
TRADING AREAS
From a prominent location on a busy road, N.K. Collection has a well signed frontage incorporating the use of awnings to the side of the property. With street level access, the business benefits from two entry points. The main one is off the High Street and the secondary entrance is from King Street. The subjects are split into three distinct sales areas. Through the High Street entrance is the main fashion sales space which is well-stocked with bags, scarves, and jewellary. This display area benefits from double aspect windows providing excellent natural lighting. The merchandise is set out in a most appealing manner with the sales counter being positioned strategically providing good visibility of the high value and attractive items in this locality. This initial merchandising area is carpeted and decorated to a good standard. Lighting is by diffused units with some spotlighting. Through a short corridor and down a few steps one arrives in the mid-sales area with its hardwood flooring. This central sales point has a fixed counter that was previously used as a café counter. It is still configured to be used as a refreshment service point but the current proprietors have discontinued this aspect of their business. With a sink, under-counter refrigeration, coffee machine and displays, this facility could easily be brought back into functionality at minimal capital cost. Presently the whole mid-section is utilized as a sales display with a wide variety of goods being attractively exhibited. There is an interesting range of artwork, ceramics, stationery, soft toys, kitchenware, lighting and novelty items. Through another corridor which is lined with products is a third shop space which sells a broader range of novelty and ceramic items. It is here that the second entrance to King Street is situated. In total the sales area extend to 970 squared feet ( Fashion Area – 222 squared feet, Mid-Area -264 squared feet, back sales area – 244 squared feet, corridor – 70 squared feet and toilets and store – 70 squared feet).
SERVICE AREAS
The business has an adequate storage room with appropriate shelving and good capacity. This is located between the mid-sales and back sales area. Next to the store room is the premises WC. Presently used by staff it could be utilized by customers.
SERVICES
The shop benefits from mains electricity, water and drainage. Heating is by way of electrical storage heaters. There is no natural gas in Kingussie. Parking for the shop is on the road-side plus ample public parking within the town centre.
TRADE
The business is not being sold as a going concern due to the restrictive trading patterns that the current owner had pursued. However, the vendor would be pleased to discuss previous trading trends with interested parties. The business benefits from Small Business Rates Relief.
PRICE
Offers over £130,000 are invited for the heritable property and fixtures and fittings, excluding personal items. Should any prospective purchaser wish to purchase the stock, this will be provided at valuation.
Kingussie is a popular town with approximately 1400 residents and services the wide rural community of Badenoch. It has excellent road and rail links and the Town is well known for its Shinty Team plus its association with the hit TV series Monarch of the Glen. The region is also a most popular tourist destination and Kingussie is well served with shops, facilities and services for visitors and residents alike sitting within the Cairngorm National Park.
DIRECTIONS
N.K. Collection is set on the main A86 Kingussie to Newtonmore Road on the High Street of Kingussie. If travelling from Inverness leave the A9 on to the A86 sign posted Kingussie. Continue to travel through Kingussie N.K. Collection is on the left. From the south and Perth come off the A9 sign posted Newtonmore following directions to Kingussie on the A86. N.K. Collection is on the second right after the green.
(Inverness 42 miles, Aviemore 12 Miles and Elgin 60 miles).
North Yorkshire
£ 750,000
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