Description Langlee Convenience Store is an excellent business that has been run by the proprietor since 2006. It offers a variety of services including a convenience store and off licence.
The business offers a healthy income for any prospective purchasers. There is also an atm machine, with a £1.99 charge per transaction.
The business occupies an excellent position in Langlee, Galashiels within a small square, and is surrounded by an abundance of residential properties. Langlee Convenience Store has built up a loyal base of clientele and offers ample scope for future growth.
The business has been reluctantly placed on the market due to the proprietor’s wish to pursue other business ambitions.
Situation Langlee Convenience Store is well located on Marmion Road, Galashiels. The business is situated in a small square and is surrounded by residential properties.
Galashiels is a town in the Scottish Borders, and lies just 30 miles south of Edinburgh on the A7.
Langlee is a suburb of Galashiels on the east of the town.
Business Internal The business trades six days per week, opening from 06:30-17:30 Monday- Friday and 06:30-12:30 on Saturdays.
The premises comprise of good sized shop front, a stock room located to the rear as well as staff welfare facilities.
On entering the shop the main counter is located straight in front of you, with a cigarette display, till point and chilled display cabinet.
The shop floor is fitted out with shelving that surrounds the whole room.
The business offers a wide range of products including: Greeting cards, confectionary, a small selection of general groceries, chilled refreshments and a selection of beers, wines and spirits.
The business also benefits from an atm charging £1.99 per transaction.
Business External The front of the property is straight to street and is situated in a small square surrounded by residential homes.
Services The property has mains water, drainage and electricity.
Accounts Turnover is in excess of £ 287,000 with a good gross profit.
Tenure We are advised that the property is held on a leasehold basis, which is due for renewal on June 2016. The vendor has advised that the landlord will extend the lease to a new tenant. The annual rent is £3,589 exclusive.
We have been unable to check this information and advise any prospective purchasers to consult their own solicitor for verification.
Price Offers in the region of £34,999 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.
Summary Langlee Convenience Store offers any potential buyers with a fantastic walk-in opportunity to a well run and profitable business. It is an opportunity not to be missed.
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