- Business Opportunity
- Island Lifestyle
- Newbuild premises
- Turn Key Business
- Thriving Business
- Contact K Allan Properties for more info
The business is located on the island of Sanday, the largest of Orkney's outer islands. Sanday is famous for its stunning coastal scenery, beaches reminiscent of the Caribbean, abundant wildlife and peaceful lifestyle. It is increasingly popular with tourists and boasts a thriving economy strongly attracting home-working incoming residents with good disposable income. Almost all residents shop mainly locally. The island benefits from a high-quality primary/secondary school, hotels, medical practice and a dynamic social community scene.
This multiple award-winning island store is a very successful trading business building up an impressive turnover from a standing start 6 years ago, and providing many vital jobs in the island's economy. It is now being offered for sale due to the impending retirement of the owners. It should be noted that the owners' passion for the business means that they are continuing to develop and improve it, and are looking for the right buyer for the island.
This licensed business is a true general merchant and a lifestyle opportunity for the purchaser. The mainstay is grocery, supplied chiefly by Costcutter, which enables shoppers to access Coop produce at supermarket prices. This subsidised contract enables all stock to be shipped to the island free of freight charges. This is a huge bonus to overheads which the current owners have capitalised upon by passing on the saving to customers and securing extraordinary levels of local loyalty. Food-to-go and outdoor seating has recently been further developed and is popular with visitors, tourists, workmen and residents.
The shop retails vehicle fuel at a price which makes it more efficient for residents to purchase locally than to travel on the ferry to the mainland for fuel and groceries. It benefits from a government rebate scheme of 5p per litre. The shop also boasts an extensive hardware, homeware, stationery, gifts & souvenirs, farm smallholder and gardening supplies stock and also stocks to order. Contracts with numerous suppliers mean that non-food is also truly competitive with online and mainland outlets, securing very good margins and turnover.
The 300 square metre shop quickly outgrew its ambitious building, and now includes container cabin departments. The "Potting Shed" for gardening supplies, tools, furniture and plants, was quickly joined by the "Knocking Shop" with an extensive hardware stock (regularly supplying mainland customers and scope to expand this outlet). In addition, the business delivers domestic fuel and building supplies (further scope to expand agricultural and building supplies).
Since its inception, the store has transformed retail on the island and competed successfully with mainland supermarkets building turnover from zero to an impressive level. There is considerable scope to continue to expand the business in new directions and plans have been drawn to double the floorspace to broaden further popular non-food ranges to compete more effectively with Mainland and online retailers.
The shop is run under very efficient and dedicated management and staff team enabling the owner to have minimal day-to-day responsibility. It would equally be a profitable prospect for a hands-on owner. The staff team are acutely aware of the critical role the shop plays in the welfare of the community and the current owners place considerable weight on an offer that will value the existing amazing team.
Sinclair general stores has a very strong track record of supporting its community, particularly during lockdown, and has earned considerable customer loyalty, and national awards through providing an outstanding, responsive service, continuously innovating and putting people first. It sponsors the community garden, junior football team and multiple island events. It hosts a Christmas party with a gift for every child on the island. Staff run regular fundraisers for local causes and have added a community pantry providing free groceries for anyone in need. During 2020 the shop served the neighbouring island of Eday and subsequently supported them to re-establish their own shop.
The shop stands in approx. 1.5 acres of its own ground, leaving ample space for building owners' accommodation. The hosted turbine provides electricity to the shop.