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Newly Established Convenience Store Business For Sale

Plymouth, Devon, UK
Asking Price:
£34,995
Sales Revenue:
£156,000
Cash Flow:
Available on request

Business
Please quote reference B06094

Hilton Smythe is delighted to present to the market Arroz Food, a newly re-fitted convenience store with lots of further growth potential.

The ‘Turn-key’ business opportunity was established in August 2020 during the countries lockdown period and is now only being offered for sale due to our client’s health.

Within the short period of trading time, our client enjoys weekly sales of an average £3,000 which we believe can easily be doubled by any new owner.

The bright and inviting shop offers the following products –

Confectionery, crisps, soft drinks, and large bagged sweets
Grocery items, household goods, milk, eggs & bread
Large range of wines, bottled & canned beers, spirits.
Cigarettes, tabaco & vaping fluids
Phonecards & phone accessories
Fresh coffee, slushes, seasonal chocolates, ice cream
Sandwiches, snacks, pet food & greeting cards.
Range of pharmacy lines, toiletries

We are advised a new glass fronted display freezer will be arriving soon to enable the shop to increase the range of frozen food lines.

We are advised the business attracts a healthy mix of locals, families, local businesspeople and students.

As the awareness of the store increases, so do the weekly sales.

We recommend any serious buyer to make an early enquiry to avoid disappointment.

Key selling points include –

Only convenience store on the parade
Close to good schools & colleges
Low rental agreement in place (with 20-year lease term)
Zero business rates payable
Alcohol licence in place from 1am to 11pm
Business Facebook page
Opportunity to add newspaper/magazines/paper delivery service.
Low running costs
Located behind the main bus stop.
Handover period offered.

Location
Arroz Food Convenience Store occupies an enviable trading position along a busy parade of local businesses on Hyde Road in Plymouth.

The parade includes a pharmacy, butchers, jewellery shop, dry cleaners, café, hair salon, skin clinic and several takeaways.

This is the only convenience store on this parade which faces Hyde Park Infant and Junior School.

Plymouth college is just 2 mins up from the store and the school is across the road.

The business benefits from free customer parking directly outside as well as being located behind the main bus stop.

There is a large residential area both in front and behind of the business which attracts a consistent footfall, especially when the children are entering and leaving school in the afternoon.

Plymouth is a port city located in Devon, known for its strong maritime history.

Premises
Ground floor –

Complete refit including new lighting, decoration & shelving throughout
New service counter – includes confectionary display shelving, undercounter storage, till & card machine, slush machine, mobile phone accessory display hooks, spirit shelving, cigarette gantry.
Coffee machine, glass topped ice cream freezer, 2 x 2 metre open display chillers, glass fronted Monster fridge, 8 x sections of display shelving units, 1 x greeting card display unit.
1 x stockroom (full shelved)
1 x rear stockroom with kitchen/staff toilet facilities.

There is space to expand the space in the shop.

Tenure
We are advised that the business is being sold on a Leasehold basis, with 19 years remaining on the 20 year lease. The rent is currently £710 per month and has £0 rates payable.

Hours
The business hours are;

Monday – 8:00am to 10:00pm
Tuesday– 8:00am to 10:00pm
Wednesday– 8:00am to 10:00pm
Thursday – 8:00am to 10:00pm
Friday– 8:00am to 10:00pm
Saturday– 8:00am to 10:00pm
Sunday– 8:00am to 10:00pm

Staff
We are advised that the business is owner ran and managed.

Financial Profile
We are advised that the business is generating a turnover in the region of £3,000 a week. Further financials can be made available upon further request.

Please quote reference B06094

Property Information

Property:

Leasehold

Contact Hilton Smythe

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