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 Smeaton`s 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
Ground floor lock up premises, in an ideal trading location, briefly comprising:
Large display window
Display cladding to perimeter walls
Racking and shelving to suit the trade
Serve over counter with electronic cash register, credit/debit card machine and PC systemTenure
We are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 2½ years, as of October 2016
Rent: £650 per monthHours
The business is open:
Monday – Friday: 10.00 am – 5.00 pm
Saturday: 10.00 am – 3.00 pm
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%.