Status: Completed
Tenure: Leasehold
Leasehold Rent: £400 per month
Turnover: £198,837
Fantastic Business Opportunity in Newton, West Lothian For SaleFantastic Business Opportunity in Newton, West Lothian For SaleFantastic Business Opportunity in Newton, West Lothian For Sale
£15,000 + SAV

Fantastic Business Opportunity in Newton, West Lothian For Sale

Completed
  • Reference: 2923
  • Location: Broxburn, West Lothian
Hilton Smythe is delighted to welcome to the market this business opportunity which is currently a newsagent/convenience store, with massive scope to convert into a café or takeaway business in the village of Newton, West Lothian.

The business was originally established in the 1890s and has been in our client's family careful ownership since 1984. Only now is the concern being offered to the market due to our client's other business interests. The current business operates 7 days per week and generates a turnover in the region of £199,000 per annum as per 2015 accounts, with a gross profit of approximately 20%.

Our client currently offers a variety of products, including newspapers and magazines, general convenience items, confectionery, greeting cards, soft drinks, delicatessen products, alcohol, Lottery and tobacco products, to name a few, as well as hot food including lorne sausage rolls, bacon rolls, hot dogs, pasties etc which is increasing in popularity and could be expanded massively . Our client already has some of the kitchen equipment including an oven/hob, hot plate/griddle, microwave oven and general kitchen utensils.

We feel the location would be perfect for a café or hot food takeaway business as it is located next door to a busy petrol station and being situated on the very busy A904 the property has a very high volume of traffic passing the door every week, also there is a new bridge being built across the Forth Estuary, less than a mile from the property location, which will generate a lot more construction traffic and even more vehicles passing once the bridge is completed.

This is an excellent opportunity for a new owner, perhaps a husband and wife team with a catering background, to take this business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

TENURE

We are advised Leasehold:

Rent is advised at £400 per month

HOURS

The business is open:

Monday - Friday: 6.00am - 5.30pm
Saturday- Sunday: 6.00am - 12.00pm

STAFF

The business is owner run and managed with 1 x part time staff member.

FINANCIAL PROFILE

The current business operates 7 days per week and generates a turnover in the region of £199,000 per annum as per 2015 accounts, with a gross profit of approximately 20%.
Newton Stores occupies substantial ground floor premises, ideally located within the picturesque village of Newton in West Lothian, Scotland. The business is situated on the very busy Main Street (A904), next door to a petrol station, therefore benefiting from a high volume of passing trade. The business benefits from free on street parking facilities to the front of the premises.

Newton is a small village which lies on the A904 trunk road, 2.6 miles west of South Queensferry and the Forth Bridge and 6 miles east of Linlithgow. All the traffic travelling west from the Forth Road Bridge has to pass through the village in order to gain access to the M9 motorway. The village's location serves it well as a commuter village for those travelling to Edinburgh and Fife.

The area is well served by the public transport system, with a bus stop directly outside the property. The nearest railway station is Dalmeny, which is approximately 3½ miles away. The area is also well served by the A-roads, with the business being located on the A904, which links to the national A-road and motorway networks. Edinburgh is approximately 12 miles away and Falkirk is 14 miles away.
Substantial ground floor premises, ideally located in a prime trading location, with massive scope to convert into a café or takeaway business, currently comprising:

Main sales and display area with:

Serve over counter with electronic cash register, credit/debit card terminal, Lottery terminal and full length confectionery display.
Tobacco gantry to rear of counter.
Shelving to walls for medicines and alcohol.
Racking and shelving to perimeter walls displaying convenience items.
Central display unit.
Newspaper and magazine display units.
Greeting card display unit.
Cold drink display refrigerator.
Dairy refrigerator.
Small freezer.
Hot deli counter with display unit to rear of shop.

Kitchen with:

Oven/hob.
Hot plate/griddle.
Microwave oven.
General kitchen utensils.

The shop is CCTV covered.

External:

Well signed.