For Sale

Newagents/Convenience Store in Prime Trading Location

Glasgow, Glasgow City

£27,500 +SAV

Ref: 14625 I

Contact sales negotiator

Declan Bottomley

01204556314

Email Declan Bottomley

Share this property
Share

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.

Paper Rack convenience store is a well-run and popular local business located on the busy Albert Drive (G41) within the city of Glasgow.

The business has been in operation by the current owners for many years and is now reluctantly on the market due to family circumstance. The store stocks a selection of convenience items, cigarettes, confectionary, newspapers, magazines, stationary, greetings cards and household items.

There is scope to increase turnover with additional opening hours and expanding some of the retail lines currently stocked to include Lottery, pay point etc & perhaps a modest refurbishment to extend the internal shop area.

The premises are in good general condition and well maintained throughout, we feel that this is an excellent opportunity for a new owner to take this popular business to the next level.

Early viewing highly recommended.

Tenure

Leasehold

We are advised tenure is offered on a leasehold basis.

Rent £3250 Per quarter.

The original lease length is 25 Years with 8 years remaining as of 2018,

Hours

The business operates the following hours
Monday – Saturday 0730 – 1830
Sunday 0800 – 1700

Staff

The business is run & managed by the current owner and 2-part time staff.

Financial Profile

The business reported a gross turnover of £72,800.

Location

Paper Rack Newsagents occupies a single fronted ground floor retail premises situated in a small retail parade on Albert Drive, Glasgow.

The business occupies a highly visible trading position set amongst other complementary independent businesses within a densely populated residential area, resulting in a high volume of footfall and passing trade. The area is well serviced by the public transport system with several bus stops within easy walking distance of the business.

Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre. The city offers many amenities for a wide range of cultural activities, from curling to opera and ballet.

Premises

Paper Rack Newsagents store occupies a purpose-built retail unit within a small parade of similar style properties.

The shop is well designed with a functional layout, with the service counter being located to the front of the shop.

The shop benefits from 2 well stocked isles which provide ample shelving and display opportunities.

There is also wall mounted display shelving along with several refrigeration units.

The business also benefits from a store room located to the rear of the shop along with WC facilities.

The shop further benefits from free parking facilities located to the front.

The business is well signed and highly visible.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]