Hilton Smythe welcomes to the market an exciting opportunity to acquire an exceptionally well run and performing, “turn key” mini supermarket store business with an excellent reputation.
The business has been placed on the open market as it’s our clients desire to leave the industry and take well-earned retirement after many successful years of trading.
Costcutter has been operating under the careful and meticulous ownership of our client for over 18 years and who has grown the business year on year to an impressive level with turnover and profit at consistent levels.
The Business stocks a wide selection of convenience items including:
• Fresh produce
• Frozen foods
• Household items
• Greetings cards & novelty items
• Lottery (sales at £1000 PW)
• News sheets (£450 PW) and pay zone services.
There is scope to increase turnover with additional opening hours and expanding some of the retail lines currently stocked along with a possible paper delivery service.
The premises are in fantastic general condition and well maintained throughout, we feel that this is an excellent opportunity for a new owner to take this popular business to the next level.
A tremendous opportunity to own this turn key business, and early enquiries must come highly recommended to avoid disappointmentLocation
The business is located in the picturesque village of Kilgreggan, set on the banks of the Firth of Clyde, in a small but busy parade of retail premises leading to a good level of footfall & passing trade.
Kilcreggan benefits from ample local amenities including various independent local shops, primary schooling with regular transport links, including a bus services back round to Helensburgh and a pedestrian ferry over to Gourock.
Helensburgh is around twenty-five minutes' drive away and it provides a wider selection of shops and supermarkets, banks, post office, bars, restaurants and delicatessens, along with train services to Glasgow, Edinburgh, to the north and a sleeper service to London.Premises
The business occupies a substantial terraced retail premises extending to 148 square meters and benefits from excellent signage to the exterior.
On entrance there is:
• Large service counter with electronic till points
• Lottery dispenser
• Cigarette & alcohol gantry
• Possible provision for a Post Office counter.
The main store is fitted to a modern standard and is bright, clean and benefits from:
• Large centre display units running almost the full length of the shop
• 3 large chest style freezers
• Perimeter shelving & racking
• Display units
• A good selection of fully fitted refrigeration units.
To the rear of the premises there is a large storage area with shelving and w/c area.
The premises also benefit from CCTV and alarm system.
To the front of the property can be found free on street parking.
The business is well signed and easily visible.Tenure
We are advised that tenure is offered on a Freehold basis.
No business rates currently payableHours
The business currently operates:
Monday to Saturday 7.00 am – 6.00 pm
Sunday – 8.00 am – 3.00 pmStaff
The business is run & managed by the owner & 1 part time staff membersFinancial Profile
The business reported a gross turnover of £310,880, Gross Profit of £58,601, With a net profit of £49,275 and Adjusted net profit figure of £57,504 as of 2017 trading figures.