Hilton Smythe is delighted to introduce to the market Arle Stores. This family run business was founded in the 1960’s and is very well supported by the local community seeing much repeat trade benefitting from very little competition in the area.
Our client has successfully run the business since inception in 2007 and only now does the business come to the market as our client is relocating. The business reports a very healthy turnover of £728,000 per annum with a good gross profit.
The store is very well stocked and presented with a host of products including groceries, newspapers, magazines, off licence, frozen goods, cigarettes and general household essentials and much more. Arle Stores also benefits from Lotto sales and provides an ATM. The business currently offers 1 newspaper delivery round, which we believe has huge potential to be expanded.
We also believe a new owner could take advantage of extending opening hours to further revenue or perhaps offer a parcel collection service.
In addition there is a large 3 bedroom owner’s accommodation, making this an ideal acquisition perhaps, for a couple or family looking for a life style change in this lovely area.
The business is located in the spa town of Cheltenham, Gloucestershire.
Arle Stores occupies a prominent position at the heart of a densely populated residential area, just outside the town centre. The business is sited on a corner position and is on a number of major bus routes and conveniently there is a bus stop facing, ensuring a constant footfall throughout the day.
Cheltenham is located on the edge of the Cotswolds and is a well-known spa town and is home to the famous Cheltenham Racecourse. The town is easily accessible from the M5 motorway and is also served by several A roads and boasts its own railway station providing excellent public transport links.
A prominent corner position with free parking immediately outside. Standalone position with only residential properties in the surrounding area.
A well fitted and well stocked shop with tiled floor, suspended ceiling with fluorescent lighting. Perimeter shelving, central shelving gondola, 3 glass fronted double drinks chillers, 1 glass fronted wine chiller, 1 dairy chiller, double glass topped frozen goods freezer, ATM,card display, magazine and newspaper rack, wines and spirits racking, counter area with till and scratch card display, Lotto terminal and cigarette gantry.
Rear stock room
Power and light and perimeter shelving
Ground floor Lounge
With windows to side, laminate flooring
Fully fitted with base and wall units in a wood finish with glazed wall units, generous run of worktop, Bay window with space for table and chairs, stainless steel sink and drainer with window to side, space for washing machine.
Upstairs there are three bedrooms and a bathroom
The business is well presented with bright eye catching signage and a generous parking area to the side for owners use and a forecourt to front with free on road parking
We are advised leasehold
The original lease length is 10 years
2 years remain on the lease
Reviewed every 3 years
Rent is £25,000 per annum.
The business opens:-
Monday to Saturday 6.00am – 8.00pm
Sunday 6.00am – 5.00pm
The business is run and managed by our client with the assistance of his two sons.
The business reports a very healthy turnover of £728,000 per annum with a good gross profit.
BUSINESS Hilton Smythe is delighted to introduce to the market Gotherington Village Store. This traditiona...More Details
Very desirable rural location close to main town and M5. Unique opportunity to acquire three businesses und...More Details
• Charming leasehold post office • Beautiful market town location • Well established, owned 10 years plus •...More Details