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Retail premises for sale

£24,995

28 Ridgeway, Plymouth PL7

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and popular remote control model vehicle business in Plymouth, Devon.

The business was originally established in 1973 and has been in our client’s careful ownership since 2008. Only now is the business being offered to the market due to our client’s desire to move on. The business currently operates 6 days per week and generates a turnover in the region of £80,000 per annum, with a gross profit of approximately 61%.

The business specialises in the sales, repair and maintenance of remote controlled model vehicles including speed boats, cars and buggies, aircraft, quadcopters and helicopters, to name a few, as well as a wide variety of accessories.

The business has built up an excellent reputation within the area and further afield, for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope for a new owner to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent goods offered. The business already has a very informative website in place to promote the business.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Nimrif rc occupies ground floor premises, which is ideally located within the Plympton area of Plymouth, on the south coast of Devon. The business is located on a very busy shopping street and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a large amount of footfall and passing trade, as well as good car parking facilities within the area.

Plymouth is a city on the south coast of Devon. According to the 2011 census, the city had a residential population of 256,384. Plymouth is very popular with visitors and tourists who visit historic naval attractions, as well as Plymouth Hoe and Smeatons Tower. With its rich maritime heritage and its status as the regional capital for culture, Plymouth is one of the most dynamic and fascinating places to live and visit in Devon.

The area of the business is very well served by the public transport system, with several bus stops within easy walking distance of the property. Plymouth railway station is approximately 5 miles away. The area is also well served by the a-roads, with the A38 being within easy driving distance, which links to the national a-road and motorway networks. Paignton is approximately 25 miles away and Torquay is 27½ miles away.

Premises
Nimrif rc occupies ground floor premises, which is ideally located within the Plympton area of Plymouth, on the south coast of Devon. The business is located on a very busy shopping street and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a large amount of footfall and passing trade, as well as good car parking facilities within the area.

Plymouth is a city on the south coast of Devon. According to the 2011 census, the city had a residential population of 256,384. Plymouth is very popular with visitors and tourists who visit historic naval attractions, as well as Plymouth Hoe and Smeatons Tower. With its rich maritime heritage and its status as the regional capital for culture, Plymouth is one of the most dynamic and fascinating places to live and visit in Devon.

The area of the business is very well served by the public transport system, with several bus stops within easy walking distance of the property. Plymouth railway station is approximately 5 miles away. The area is also well served by the a-roads, with the A38 being within easy driving distance, which links to the national a-road and motorway networks. Paignton is approximately 25 miles away and Torquay is 27½ miles away.

Tenure
We are advised Leasehold:

Original lease length: 5 years
Remaining lease length: 2½ years, as of October 2016.
Rent: £650 per month

Hours
The business is open:

Monday – Friday: 10.00am – 5.00pm
Saturday: 10.00am – 3.00pm
Sunday: Closed

Staff
The business is owner run and managed.

Financial Profile
The business generates a turnover in the region of £80,000 per annum, with a gross profit of approximately 61%.

What Zoopla users think of Plympton

Overall rating:

  • currently 4 stars
Very good - 84% (102 ratings)

Ratings breakdown:

  • currently 4.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4.5 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

Rate Plympton:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Plymouth (4.0 miles)
  • Devonport (5.3 miles)
  • Dockyard (Devonport) (5.4 miles)
  • Exeter International Airport (36.9 miles)
  • Cardiff Airport (76.3 miles)
  • Bristol Airport (90.1 miles)
  • Plymouth Mount Batten Ferry Landing (3.9 miles)
  • Plymouth (Barbican) Landing Stage (3.9 miles)
  • Plymouth Ferry Terminal (4.8 miles)

Nearby schools

View all schools in Plymouth
  • Old Priory Junior Academy (0.2 miles)
  • Plympton St Mary's CofE Infant School (0.3 miles)
  • Boringdon Primary School (0.6 miles)
  • EF Academy Torbay (23.7 miles)
  • Callywith College (30.1 miles)
  • Exeter Mathematics School (32.8 miles)
  • Plympton Academy (0.1 miles)
  • Longcause Community Special School (0.5 miles)
  • Hele's School (0.7 miles)
Note: Distances are straight line measurements

Local info for Plymouth

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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