CCL are delighted to bring to market a thriving independent supermarket positioned in a prime trading location in Moray that attracts both regular local and passing trade. The convenient retail site sits within a busy fuel court on a prominent main road surrounded by high density housing and benefits from high volumes of traffic and pedestrian flow. This long-established business is an integral part of the local community with no direct competition, and subsequently enjoys an extensive and loyal customer base. The surrounding area is zoned for substantial additional housing developments, offering great expansion potential to increase turnover and cash flow.
Prime trading location
Profitable cash flow
Secure and spacious premises
Room for expansion
Offers Over £800,000 plus SAV
The business is a very well-known and respected local brand that is ready for expansion. They currently operate under the Jet brand under a Plats plus contract. The business is open from 7am to 10pm Monday to Saturday and from 8am to 10pm on Sunday. As a leading local independent retailer, the supermarket stocks all major brands of fresh, frozen and ambient products. They also have a licence to sell tobacco and alcohol products. National Lottery and Pay Point are also installed. With the decline of people doing large weekly shops at the big supermarkets these stores are ideally located for the corresponding increase in more convenient and frequent local shopping. The shops also have an excellent range of light car care and maintenance products, from jump cables and motor oil to anti-freeze, screen wash and polish.
There are four double skin steel compartmentalised tanks on site. Fuel dispensing equipment is by Gilbraco-Euroline via four multi product dispensers. Annual fuel sales are in the region of £1m litres per year. Grocery sales are in the region of £1.25m per annum.
The property is ideally located in the popular Bishopmill area of Elgin. A prime suburban trading location surrounded by high density residential dwellings, schools and other local amenities, providing good volumes of traffic and pedestrian flow. The site benefits from excellent free parking facilities and enjoys a prominent main road position on the A941 with direct links to Lossiemouth, Elgin city centre and the A96. The surrounding area is enjoying much growth with a number of residential developments having been scheduled for construction over the next 20 years. The addition of a further 2000+ houses to the immediate vicinity will undoubtedly increase trade; not only by the introduction of new families moving to the area but also from the constant flow of contractors and other construction workers.
The thriving market town of Elgin is regarded as the commercial and administrative capital of Moray; home to a vast array of amenities and facilities including Moray College UHI, two secondary schools, and a number of retail, sport and leisure facilities. It is situated approx. 36miles east of Inverness and 64miles west of Aberdeen with good transport links via the A96 trunk route and rail links to Inverness and Aberdeen and their respective airports.