Fancy Dress Hire And Party Shop For Sale

Business description

Summary:
Established in excess of three years ago by the current vendor the business is situated on an extremely busy main road and benefits from an extremely high amount of passing trade and it's integral car park. The business offers costume hire from a selection of approximately 350 costumes and has a vast selection of accessories, balloons, etc. The retail side of the business accounts for approximately 70% of the sales with a good amount of corporate functions and weddings catered for. The business benefits from a large loyal customer base who travel up to 15 miles. During September 2006, the business was moved to this larger premises from over the road, with the new location being much larger and fully refurbished. As so much money was spent on refurbishment the landlord agreed a rent free period.

Turnover:
Turnover has increased since moving into larger premises and the business is on target to achieve an annual turnover this year of approximately £45,000.

Potential:
There is potential to extend the opening hours.

Stock:
To be purchased separately at valuation: Open to negotiation

Equipment:
Included in the sale price is a sign written 2 year old Citroen Dispatch van, washing machine, boiler etc.

Legal Fees:
Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Property information

Property:

Leasehold

Lease terms:

10 year lease from July 2006 with 5 yearly rent reviews. Rent free until July 2009, £6,000 pa thereafter.

Location:

Good sized sales area with counter. Costume area with two changing rooms. Kitchen, toilet, stock room/office/work area. Central heating and wooden floors throughout. Included in the refurbishment was all new electrics, plumbing, roof, plastering, fittings etc. External large garage used for storage, and 5 parking places.

Other information

Reasons for selling:

The vendor has a young family and wishes to spend more time at home.

Trading hours:

10.00am to 5.00pm Tuesday to Friday, 9.00am to 5.00pm Saturday.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.

Contact the seller