Retail premises for sale in Edinburgh, Scotland, United Kingdom EH9

Ref 7926 – Leasehold Grocery Store Franchise
Blacks Brokers are pleased to bring to the market this leasehold grocery store franchise located in Edinburgh.

Introduction

The Refillery was established by our client in this bustling area of Edinburgh in 2019. The business offers a range of over 1,000 ethically sourced, plastic free grocery products. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. The Refillery has a comprehensive website in place and is currently part of it's own ever growing franchise. 'The franchise fee of £11,995 are included in the sale which comes with full operating and technical manuals.

Location

The Refillery occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples such as Boots and The Post Office. The area is well linked by the M8 and the A720 with very strong public transport links and parking is available in the surrounding area.

Reason for sale

Due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level

Lease

The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2018 at a cost of £4,500 per quarter.

Staff

The business operates with four members of staff in employment. Our client is not involved in the day to day running of the store but feels the branch would benefit from a hands on owner operator.

Financial details

The Refillery has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st December 2021 show annual turnover of £390,037 and gross profit of £137,970. Full financial information is available upon request.

Summary

This well established business occupies an enviable trading position in a sought after and busy area of Edinburgh. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of a deli counter and takeaway food and drink options – this has been introduced in another store and has proven very popular. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £179,950.

Please quote ref: 7926