Convenience Stores for sale in Caithness

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £50,000
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Business Description
ASG Commercial is pleased to announce the sale of The Reay Shop, a popular licensed grocery business situated in a good trading location within the village of Reay. The business caters to a solid year-round demand from local residents with additional tourist trade within the summer months. Turnover sits at around £416,000 (2016) generating sound profitability, costs of running the business are minimal. Trade is driven through traditional grocery and news agency sales, as well as from takeaway sandwiches and other cold food. Demand from passing trade has increased due to the North Coast 500 route and the owners have recently installed a coffee machine and three tier ice cream freezer to satisfy demand. Petrol sales are from two pumps offering diesel and unleaded petrol, selling on average 2800 litres a week between the two. Items available for sale include fresh and frozen produce, greetings cards, bakery lines, soft and alcoholic drinks, tobacco, newspapers and confectionery without being exhaustive. Providing for the daily needs of local inhabitants the shop is well regarded and this is reflected in the consistent sales.

Internally the shop is arranged at ground level around a central aisle, large refrigerated and freezer display cabinets show produce to best effect. A spacious sales check-out counter is located close to the entrance providing an ideal focal point for customer service and security.

The business operates seven days per week opening 8am and closing 6pm Monday to Sunday. There is certainly a demand to have a post office counter and the possibility of a sorting office within the premises which the current owners have declined, pending the sale, as they wish to turn their attention to a completely new venture. New owners may wish to explore this option further.

There is no doubt that new proprietors wishing to adopt a hands-on role could continue to build on successes to date and in turn drive higher turnover and profitability on an annual basis, by introducing new services and utilising the development potential to the rear of the store.

THE PROPERTY
The property is of traditional stone construction under a pitched roof with all accommodation set at ground level. There are large storage facilities to the rear of the property.

TRADING AREAS
From a prominent roadside location, the premises have a well-signed frontage and easy access. The sales area is well-maintained and has a good range of shelving and refrigeration units. The sales counter is set to the right hand corner upon entering via the main entrance providing sensible security coverage of the sales area.

SERVICE AREAS
There is a small office, and staff facilities to the rear of the building. Large storage areas are also located to the rear of the property with an access door to a small garden area. There is an external seated area to the right of the shop behind the petrol pumps.

SERVICES
Mains electricity, water and drainage.

TRADE
Full accounting information will be made available to seriously interested parties subsequent to viewing.

TRADING HOURS
The store is open 7 days a week and the hours going forward will be:
Monday to Sunday - 8am until 6pm

LICENCE
This business operates under the Licensing Scotland Act 2005 and a copy of the licence will be made available to interested parties post viewing.

LEASE
A copy of the lease will be made available post viewing. The current tenants have seven years left on their lease but the Landlord is willing to extend the period for new owners. Rent is minimal currently standing at £4250 per annum.
Tenure: Leasehold

Location Details:
Reay is a very attractive village on the outskirts of Caithness just a few miles from the border of Sutherland. The village stands near the head of Sandside Bay and is located on the North Coast 500 route. Reay is an excellent village for enjoying the north coast and is convenient for sea, river and loch fishing, hill walking, bird watching and surfing. It is located close to the town of Thurso, where a good selection of shops, banks, services etc. are located along with the local High School. Reay is also close to the Orkney Ferry terminal at Scrabster. The Reay Lochs enjoy a secluded setting 200 feet above sea level to the south east of the village of Reay in Caithness. Along with Thurso the village grew dramatically in the mid-20th century with the development of the experimental nuclear power facility at Dounreay, where technologies such as fast breeder reactors were developed. The village boasts an attractive links golf course as well as a primary school, nursery and sandy beach. Located on the main street Reay shop is ideally placed to take advantage of all passing trade as well as cater to local demand.

Downloadable Documents

Listed by: ASG Commercial

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ReayShop
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