Detached house for sale

Tomintoul Village Store AB37, Moray

DESCRIPTIONTomintoul Village Store is located in a charming village, ideally positioned in a most prominent trading location of the town square. This very attractive community shop generates a solid year-round turnover with peak trading during the tourist season. The whole property extends to around 345m² and is the only village shop within the locality providing a general grocery service to the broader community and visitors to the area. Internally, the retail aspects are easily accessible with all sales areas being intelligently laid out utilising a range of fridges and freezers, shelving units and display stands. The prominent sales counter is situated directly across from the main entrance providing easy control and monitoring of customer areas.
Reason for SALEThe present operator purchased the property in 2015 and it is their desire to move onto new business ventures that brings this attractive opportunity to the market.
TRADETomintoul Village Store is a sizeable retail unit with a floor area extending to around 100m2, complete with dedicated storage to the rear of the shop. The current owners operate the business as a partnership and are supported by a small team of part-time employees. The business trades as a convenience store, which includes; greeting cards, gift lines, stationery items, cleaning products, wide ranging groceries, alcohol, to name but a few of the items sold. The present trading configuration makes it an easy-to-operate business but there is scope to expand the trading platform.

Over the last few years, the trading model has been refreshed to include home deliveries, taking orders over the phone. This has increased both turnover and profits during 2020 and 2021, beyond where they would have been. The current business model has enjoyed turnover in excess of £400,000 since 2019. Turnover to the year ended 31st March 2023 was nearly £500k with ebitda in excess of £60k. The 2024 figures will see a further increase on the previous year’s profits. The business has produced consistent profitability over many years and is a highly sustainable trading entity, enjoying both strong local trade and visitor footfall.

The shop is a year-round operation and opens from Monday to Friday 08:30-18:00, Saturdays 08:30-19:00, and Sundays 09:00-17:30. There is scope to extend the trading hours to include late opening; this could be particularly beneficial in the busy main season.

The business is represented on social media channels including Facebook. The introduction of a business website could be an area of development for new owners.
LOCATIONTomintoul is 14 miles from Grantown-on-Spey, 20 miles from Ballater, 30 miles from the Cairngorm Ski Centre and 7 miles from the Lecht Ski Centre thus well positioned to take advantage of the trade passing between these key tourist hotspots. The village shop sits within the Cairngorm National Park and benefits from visitors to the area. There are numerous outdoor pursuits such as skiing, ice climbing, walking, bird watching and fishing all draw a great many visitors to the region. The area is also famous for its distilleries and castles which are represent significant draws to many tourists who visit the region. Tomintoul itself is an attractive ‘planned’ village dating back to the 1700s, with a long 40 foot wide main street and tree-lined, grassy central square surrounded by traditional stone buildings. The Snow Roads Route passes through Tomintoul. The NE250 route also skirts the village. Seven miles north of Tomintoul is Glenlivet, the best known distillery to visit in the area. Glenlivet is part of the Malt Whisky Trail and offers tours and visitor facilities that easily match the excellence of its location.

Tomintoul benefits from the local self-catering, annual whisky festival, annual motorcycle weekend and annual highland games, all bringing visitors to the village. The square boasts 3 hotels, all open to non-residents, and a popular restaurant. The village also benefits from the recently opened ‘Discovery Centre’ museum and visitor information point. In addition, there are two cafes and the post office, as well as a village primary school, bowling green, adventure playground, village hall and medical practice. The local secondary school is Speyside High School in Aberlour. There is also a large free public car park, with charging points for electric vehicles.

Downhill Mountain Bike trails have recently been opened on the outskirts of the village while the immediate area is well served with facilities and services for both locals and visitors alike. The Tomintoul & Glenlivet area was recently awarded International Dark Sky Park status, due to its clear skies and very low levels of light pollution, making it an ideal place for stargazing.
The PROPERTYLocated on a prominent roadside location, the premises has an excellent signed frontage. There is ample roadside parking local to the shop. This attractive property was built in late 1800’s, extending across 3 levels and is constructed of stone with a pitched slate roof. The shop is accessed directly from the pavement, without a step, opening directly into the main retail sales areas. Internally the shop is configured to an ‘L’ and utilises a good range of flexible fixtures and fittings including free-standing displays. There is a range of freezer and refrigeration storage units. The main sales counter is situated directly across from the main entrance, providing good control of the product display areas and facilitating good customer service. To the rear of the shop there is a large storage area with a loft over, accessed from a loft ladder. Behind the other wing are both staff and office facilities. The vendors have invested in the property since 2018, including rewiring the property, a new fire alarm system, updating the shop area and fitting double glazing. New owners will reap the benefits of this investment.
SERVICESThe property benefits from mains electricity, water supply and drainage. The store is covered by CCTV and an intruder internal alarm system.
ACCOUNTSFull trading figures will be made available to seriously interested parties post viewing. Turnover has been in excess of £400,000 since 2019 with 2023 ebitda exceeding £60k.
PRICEOffers over £130,000 are invited for the freehold interest complete with goodwill and trade contents (according to inventory). Stock to be purchased by independent valuation.
OFFERSAll offers should be submitted in writing to ASG Commercial Ltd with whom purchasers should register their interest if they wish to be advised of a closing date, should one be set.
Development OPPORTUNITIESDevelopment opportunities are noted as being available to the new owners. Examples of these are:
Further develop the home delivery service, possibly be accepting on-line orders.
Adjust the stock to take advantage of changing times and needs of the locals and tourist alike.