Forfar Convenience Store (ref 1424)

Forfar, Angus

Business location

Overview

  • Price: 140000
  • Tenure: Leasehold
  • Business type: Convenience store

Forfar Convenience Store is located on Glenogil Terrace, within a densely populated residential scheme close to the centre of the Angus town of Forfar. Traditionally a market town, Forfar is also the administrative centre of the local authority area of Angus and a hub for the surrounding towns and villages. The town’s population stands at an increasing level of around 14,000. 

The shop trades from a single storey detached building with a separate storage property alongside. There is space for parking directly in front and in the surrounding streets. 

Operating under the Premier brand, the shop is very well stocked with all that you would expect in a business of this type with the added benefits of Lotto, Paypoint and popular additions to boost sales with Tango Blast, ice cream machine, hot dogs and a coffee machine. They also offer the Snappy Shopper service and derive further income through being a Hermes parcel agent. 

 The premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005. 

Forfar Convenience Store offers an excellent opportunity for someone looking to take on an already popular and profitable business with a sensible level of rent and potential to develop what is already in place. 

A guide price of £140,000 plus stock at valuation is sought for the leasehold interest in the property and all fixtures & fittings pertaining thereto. The Tango Blast machine does not belong to the shop owner and is on hire, the purchaser has an option to continue with this or not. 

There is c19 years remaining on the current lease, the annual rent is £13,000.