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Tomintoul Village Store 1,076 sq ft Vacant Retail Property Ballindalloch AB37 9ET £130,000 (£120.82/sq ft)
INVESTMENT HIGHLIGHTS
- Located centrally in Toumintoul
- Lots of visitor traffic due to being in the Cairngorms national Park
EXECUTIVE SUMMARY
Tomintoul 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 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.
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 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.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Size
1,076 sq ft
Costar Property Class
C
Year Built
1997
Price
£130,000
Price per sq ft
£120.82
Occupancy Rate
Vacant
Number of Floors
3
Plot ratio
0.90
Total Plot Size
0.03 ac
Frontage
34 ft on The Square
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Storage Space
- Smoke Detector
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Tomintoul Village Store
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