Reference - 36289
Wright Street Newsagents & Convenience Store is situated within a residential area on the outskirts of Renfrew. The town itself is only a short distance from both Glasgow and Paisley and is an easy commute to both.
Wright Street Newsagents & Convenience Store is a popular licensed convenience store, which has generated a comfortable income for the current owners. Owned by a husband and wife team for many years, the business now performs well with income derived successfully from various sectors. The business attracts a good level of local trade with much repeat custom and also benefits from passing trade.
The current vendors sell hot food, freshly prepared on the premises eg. Hot and cold rolls, paninis, baguettes, wraps, all day breakfast etc. They also serve soup, tea and coffee.
The property is an extremely well presented newsagents and convenience store with a large window to the front and side maximising visibility to passing motorists.
The main entrance is from the front that leads into the main store area. There are numerous chilled cabinets displaying various items from drinks to chilled meats. The current owners stock a wide range of newspapers, magazines, cards as well as household necessities and confectionery. There is also an in store cash machine which has greatly increased footfall within the store as has the photocopier. Behind the counter is a large well presented alcohol and cigarette display area and the business is fully air conditioned throughout. There is also lottery terminal.
The store has a large stock room/kitchen/office to the rear. There is also a staff toilet. The entire shop is covered by a fully integrated CCTV system.
The business is situated on a corner site with free car parking available on street to the front.
The property has all mains services connected.
The property is held on a Leasehold basis. We have not had sight of the Lease, however we have been informed that there is approximately 11½ years left on the Lease with the current rental in the region of £11,750 per annum. A copy of the Lease will be made available to solicitors acting on behalf of interested parties.
We have been informed that the new premises licence under the Scotland Licensing Act 2005 was successfully granted in 2008.
Weekly takings are currently in excess of £6,500. Full trading information will be made available to seriously interested parties after a formal viewing has taken place.
The sale of Wright Street Newsagents offers a superb opportunity to purchase a well performing and profitable business. Though successful in its current format, the business offers expansion potential to increase the trade and profit levels even further.
Offers in the region of £49,500 are sought for the Leasehold interest, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.
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Bruce & Co
Bruce & Co is the trade name of Bruce & Co Ltd. Registered in Scotland No: 190660.
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease.
Strictly by appointment through the sellers sole agents, Bruce & Company.
All offers, couched in Scottish Legal Terms, should be submitted to the sellers sole agents, Bruce & Company.
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