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Traditional Licensed Convenience Store Located In Forfar, Angus For Sale

Forfar, Angus, UK
Asking Price:
£140,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Popular licensed convenience store. Located in busy scheme. Sales of c.£16,000 per week excluding services. No business rates payable/Competitive rent. 19 years remaining on current lease. Hermes agent/Snappy Shopper.

Forfar Convenience Store is located on Glenogil Terrace, within a densely populated residential scheme close to the centre of the Angus town of Forfar. Traditionally a market town, Forfar is also the administrative centre of the local authority area of Angus and a hub for the surrounding towns and villages. The town’s population stands at an increasing level of around 14,000.

The shop trades from a single storey detached building with a separate storage property alongside. There is space for parking directly in front and in the surrounding streets.

Operating under the Premier brand, the shop is very well stocked with all that you would expect in a business of this type with the added benefits of Lotto, Paypoint and popular additions to boost sales with Tango Blast, ice cream machine, hot dogs and a coffee machine. They also offer the Snappy Shopper service and derive further income through being a Hermes parcel agent.

The premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005.

Forfar Convenience Store offers an excellent opportunity for someone looking to take on an already popular and profitable business with a sensible level of rent and potential to develop what is already in place.

A guide price of £140,000 plus stock at valuation is sought for the leasehold interest in the property and all fixtures & fittings pertaining thereto. The Tango Blast machine does not belong to the shop owner and is on hire, the purchaser has an option to continue with this or not.

There is c19 years remaining on the current lease, the annual rent is £13,000.

Property Information

Property:

Leasehold

Lease Terms:

There is c19 years remaining on the current lease.

Leasehold Rent:

£13,000 per annum

Location:

Forfar Convenience Store is located on Glenogil Terrace, within a densely populated residential scheme close to the centre of the Angus town of Forfar. Traditionally a market town, Forfar is also the administrative centre of the local authority area of Angus and a hub for the surrounding towns and villages. The town’s population stands at an increasing level of around 14,000.

The shop trades from a single storey detached building with a separate storage property alongside. There is space for parking directly in front and in the surrounding streets.

Premises Details:

Ground Floor: The shop is laid out in a traditional convenience store style with the service counter located immediately on the left hand side on entering. The remainder of the sales floor has centrally positioned double sided aisle gondolas with the interior perimeter offering chiller cabinets, chest freezers and newspaper and greeting card displays.

Ancillary: There is a small storage area and staff WC within the shop and a large storage facility alongside the shop.

We estimate the subjects extend to 83.60 square metres.

Business Operation

Reasons for selling:

Our client has owned and operated this convenience store for almost 5 years and has
reluctantly placed it on the market to concentrate on other business interests.

Years established:
5

Other Information

Support & training:

Monday to Saturday – 6.30am-9.00pm
Sunday – 8.00am-8pm

Related Documents:

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