Business for sale

Business description

Advent Business Sales have been
instructed to offer for sale this well
established and popular business.
Established 9 years ago by the vendors,
it is now reluctantly offered for sale
due to the vendor’s retirement plans.
The business occupies an attractive
double fronted premise and provides a
wide range of fancy dress costumes
with the current stock of costumes
being approximately 1300 plus a range
of party goods, balloons and gas and is
ideally located due to the high volumes
of passing traffic and the high student
population in the surrounding area.
The business is currently advertised in
the Yellow pages and on Yell.com and
there is a website which has a very high
hit rate, as it is designed with key
words for high visibility on search
engines such as Yahoo and Google.
There is minimal local competition.
STAFF
The vendor currently works 2 days a
week. There is also 1 full time staff and
1 full time staff on a temporary
contract.
EXPANSION POTENTIAL
There is excellent potential for growth
and expansion with further marketing
within the area. As an owner operator
there will be a higher net profit.
TRADING HOURS
Mon – Fri: 9.30am – 5.30pm
Sat: 10.00am – 5.30pm
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Annual sales: £106,589
Gross Profit: 69.72%
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business.
BUSINESS PREMISES
A highly visible attractive double
fronted premises decorated to a high
standard with the added security of an
alarm of Redcare, CCTV and security
grills and consisting of the following:
Ground Floor
 Glass frontage with entrance door
leading into main sales area with
archway into second main sales area
 3 changing cubicles
 Kitchen to rear of each unit and w/c
to rear of each unit (x2)
 Entrances to large cellars currently
used for storage
External
 Paved to road at front
 Loading to rear with space available
to rent in private car park if
required
TENURE: Leasehold
Original lease: 3 years
Remaining lease: 2.5 years
Review every: 3 years
Rent: £11,510 + VAT
per annum
We are advised that the annual business
rates are currently: £3,000