Retail Space for sale in Grantown on Spey

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Highly Popular Hardware Store on the High Street of Grantown-on-Spey

Grantown on Spey, Highland, Scotland

  • Freehold Price: £300,000
Seller Reference: Donaldsons Hardware
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Business Description
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Seller Reference: Donaldsons Hardware
Request Details
Business Description
• An established highly popular, hardware store offering circa 141m2 of sales area in a prime trading high street location.

• An exceptional business with excellent turnover (circa £400K) and sustainable profit margins (circa £110K) from year-round trading.

• An expansive property over three floors with substantial additional external buildings with some business development potential subject to consents.

• Situated in the beautiful Highland village and tourist destination of Grantown-on-Spey.

Donaldson's Hardware Store is most certainly the go-to shop in the high street of Grantown on Spey. This Aladdin's cave stocks just about everything any customer could ever need from both the tiniest DIY jobs to larger projects both within or out with the home. The kitchenware and gifts presented and sold in the shop offers a huge range to suit every taste and price from small items to larger wedding gifts etc.

The business is mainly operated with family members serving customers. The business caters to a solid year-round demand from local residents and visitors, with the addition of a busy tourist trade which peaks between Easter and October. Split into four distinct sections, the merchandise caters to kitchenware, gifts, gardening/outside works and general DIY and hardware. In addition the Store provides a paint mixing and key cutting services plus it sells bottled gas. The selling space extends to circa 141m2 and is laid out intelligently to show the wide range of products to best effect. The trading areas of the Store are set on the ground floor providing easy access for customers and with street facing windows offering a good level of natural lighting and a superb display advertising capability. The range of products is such that there is need for spacious storage facilities which the Store possesses; internal storage extends to approximately 112m2 and external building storage equates to approximately 100m2. In addition there is a further storage area for bulk items and gas bottles.

Donaldson's Hardware Store is situated in the centre of Grantown-on-Spey, highly convenient for customer access and located within the main commerce area including other shops, restaurants, hotels, pubs and B&BS etc. The business has over 60 trading accounts which include some local estates; and has a strong reputation locally. The business thrives with an increasing turnover year on year and most certainly benefits from its location having no direct competition form any large retailers such as B&Q or Homebase etc.

Grantown-on-Spey has a variety of facilities for visitors and sits at the confluence of three major tourism "trails" dedicated to golf, castles and distilleries. The town has its own excellent 18-hole golf course and the area is home of the famous Boat of Garten Golf Course. The area is also renowned for its salmon fishing along the River Spey and the town has a long tradition associated with the sport. In addition, the Cairngorm Mountains offer a range of mountain sports from trekking in the summer to skiing in the height of winter. The fact that the area caters to tourism and has many small business operators from retailers, restauranteurs and cafe owners, to bed and breakfast/ guest houses operators and hoteliers means that Donaldson's is guaranteed a strong and continual customer base for the business.

The present owner purchased Donaldson's Hardware Store in 2004 and has enjoyed the profitable and independent lifestyle that accompanies self-employment. Trade has been consistent over this period with the business demonstrating excellent profitability. The proprietor now wishes to retire from the retail trade, hence the opportunity for new enthusiastic owners to acquire this thriving business and build on successes to date.

The property is of traditional granite stone construction under slate roof over two floors with a loft and basement storage area. This property is presented in good order throughout and is fire compliant with an internal CCTV / security system.

From a most prominent trading location on the High Street, Donaldson's Hardware Store has a distinctive and well signed frontage and easy access through the single point of entry at street level. The sales counter is positioned to the right of the entrance and accommodates an electric till. The sales counter location provides good visibility throughout the length of the main sales areas. The shop is configured into an 'L' shape with a paint mixing area and a key cutting bench. The merchandise areas are configured with aisles, wall mounted shelving and specialist storage containers. The sales area extends to circa 141m2 and is well presented.

The business has ample storage with first floor, basement and loft storage areas extending to 112m2 In addition external building storage equates to approximately 100m2 plus there is a further storage area for bulk items. The building and external buildings could afford new owners some development potential subject to planning consents. There is a staff washroom and an office. The Store has customer parking to the front and additional public parking is located within a short walk. Access to the rear of the subjects is via a tarmac drive which affords private parking. The driveway provides right of way only.

Mains electricity, water and drainage.
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