For Sale

Newsagents/Convenience Store

Johnstone, Renfrewshire

£23,000 +SAV

Ref: B04493

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe are delighted to bring to the market a fantastic opportunity to purchase (on a Leasehold basis) this busy Newsagents/Convenience store with fantastic potential.

Johnstone News Is a very well-run and popular local business located on the busy High Street within the town of Johnstone.

The business has been in operation by the current owners for many years and is now on the market as our client looks to take well-earned retirement.

The store stocks a wide selection of convenience items including:

• Newspapers
• Magazines
• Cigarettes
• Confectionary
• Stationary
• Gift ideas
• General fancy goods
• Greetings cards
• Models & modelling kits & accessories
• Daily shopping essentials.

There is scope to increase turnover with additional opening hours and expanding some of the retail lines currently stocked along with the possible introduction of an alcohol licence, lottery sales & a news delivery service the premises are in fantastic general condition and well maintained throughout.

This is an outstanding, well run business which offers a new owner the opportunity to take this already thriving business to the next level.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment

Tenure

Leasehold

We are advised that tenure is offered on a Leasehold basis

Rent £9600 PA, Long lease available

The business currently benefits from rates relief.

Hours

The business currently operates Monday – Friday 7.00 am – 5.00 pm & Saturday 7.00 am – 4.00 pm

Staff

The business is run & managed by the current owner

Financial Profile

The Business has reported a gross annual turnover in the region of £156,000 no accounts were available at the time of booking.

Location

Johnstone News is located in the busy & popular town of Johnstone (PA5) and occupies a traditional retail premises located just on the busy High Street within the town.

The business is located in an ideal trading position due to its close proximity & easy access to the M77 & M8 motorway links giving access to all other parts of Glasgow and surrounding areas

The town is located in the historic county of Renfrewshire in the West Central Lowlands of Scotland neighbouring nearby Paisley which serves as the administrative centre for the Renfrewshire council area.

In recent years the town has become a popular commuter base for people working in the city of Glasgow and surrounding areas.

The area is very well serviced in terms of amenities and benefits from excellent public transport links & close proximity to Glasgow International Airport

Premises

The business occupies a large traditional built, double fronted retail premises accessed via the High Street.

The main store is fitted to a good standard and is bright, clean and benefits from large centre display units running almost the full length of the shop, to compliment the perimeter shelving & racking display units, and a good selection of refrigeration units.

To the rear of the premises there is an office / staff rest room / store area.

The premises also benefit from, security door and alarm system

The business is well signed and easily visible

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