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Detached property in a prime location
Well established, trading over 50 years
Shop sales approx £400k per annum
Attached long term tenant, £6k per annum income
Reference - 48014
Description The Mainholm Store is a detached property in a largely residential area of the popular town of Ayr, in the west coast of Scotland.There is a great footfall in the area with local schools nearby.
This is predominently a convenience store, with a good range and variety of stock with turnover of over £400,000 pa. They have also added a hot and cold food takeaway area which has scope to increase sales further, adding to the potential of this long-established store with a great reputation within the local community.
What makes this an interesting purchase is having a long term tenant within the 2nd part of the freehold property being offered, with an income of over £6000 pa as well the popular convenience store. There is parking for up to 6 cars for customers along with free parking in the surrounding area. - The tenant has just signed a new 7 year lease (correctly advised as of 02/07/2021)
Sales Currently shop sales average £400,000 pa approximately.
Accounts Current records and accounts can be inspected when viewing.
Staff Managed by the owners with 1 full time and 5 part time staff.
Building External The Mainholm Store is a traditional detached building which has been divided into two retail units, first is the convenience store, which the current owners have been managing for the last 17 years. The other unit is let out to a very popular hairdressers who have been there for the last 6 years and recently signed for a further 7 year lease. The flat roof was fully replaced within the last 18 months with a 15-year warranty on the products and installation, the external is a whitewashed roughcast with signage for both shops in good condition with new lights recently fitted.
Building Internal Entering the Mainholm Store through glass doors is the main sales floor with the main counter on the right and to the rear is where the hot and cold food is prepared and on display within glass display units. There is rear stock room, staff room and staff toilets.
The hairdresser tenant attached has her unit internally finished as you would expect from a well-respected hair salon.
Tenure We are advised that the property is freehold.
Summary Bruce & Co are delighted to bring to the market this excellent opportunity to purchase a well-established, well ran business in a great location. We do expect a high level of interest, so would recommend early viewing to avoid disappointment.
Residential accommodation There is no residential accommodation for owners/management available.
For more information about this property, please contact Bruce & Company, EH12 on +44 131 268 9615 * (local rate)
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