Bruce & Co. are delighted to announce the sale of Sandys Stores; a busy and long established shop located in the district of West Granton, Edinburgh. The business has been under the ownership of the vendor’s family – Mr and Mrs Rankin and his son, for almost 17 years. Sandys Stores was only brought to the market due to their other business interests and their wish to retire.
The store stocks a selection of general grocery and convenience items, cigarettes, alcohol and household items – as well as offering Lotto service, Paypoint and an ATM machine. The business has also benefitted from the income of the Post Office. Sandys Stores operates successfully with an excellent turnover and trades with an enviable loyal customer base. The majority of custom received is repeat business from local residents, as the store is heavily relied upon and well supported by the local community – in fact, the business enjoys a turnover of in excess of £8,000 per week. Interestingly, the business has also traded as a takeaway prior and has all equipment and service areas still in place; thereby providing new owners the potential to reopen this side of the business.
The business is situated in a highly visible trading position on one of the main roads in the area, and parking is available directly outside the property in a car park. The premises occupies a relatively modern purpose built detached property which has been extremely well maintained by the vendors. Within the shop floor, there is customer service counter/ Post Office, well designed functional shelving and display stands, and a fully fitted takeaway area with a kitchen and food preparation area. Additionally, the business comes equipped with WC facilities, a substantial storage area, as well as a manager’s office. With all this in mind, Sandys Stores presented an excellent opportunity for potential buyers to purchase a successful and well established business, with the scope to grow and expand.
Following three viewings and two offers, the business was sold to an experienced operator, Mr Latif, on a leasehold basis for £58,500. Mr Latif comments “I would be happy to work with Bruce & Co. in the future as I am always looking for more businesses.”
Regarding the sale, the vendors commented “Thank you very much to Bruce & Co. for all the work they have done to help get our business to conclusion.” Now that the sale has gone through, it was the perfect time for Mr & Mrs Rankin to go on holiday.