Fancy Dress Business In Essex For Sale - Southend-On-Sea, Essex, United Kingdom

Asking price: £249,950

Sales revenue: £53,000

Business description: Long established fancy dress business offering both hire and purchase of costumes. Extensive range of approx 2000 rental outfits covering a very wide range of occasions. Has been run low-key in recent years though still generating profits in excess of £30k to a working owner. Part renovated 2 bed accommodation above, though in need of a little tlc.

Property : Freehold

Living accomodation: Accommodation Included

Location: LOCATION:The property is located on a parade of assorted businesses on a main thoroughfare approximately 1 mile from the town centre, and 1.5 miles from the Esplanade.BUSINESS:The business has been established for 11 years and in the ownership of the current Vendor since 1998. Sales in the last accounts available to 31st August 2008 declare turnover of £53,000 with a healthy gross profit. From the accounts we would expect a working owner to generate an income in excess of £30,000 per annum.BUSINESS PREMISES:The business premises are all on the ground floor. To the front is the main retail area offering a selection of complementary range of related product such as masks, make up etc. At the rear of the ground floor is a large store room housing a significant number of costumes, a large number of which are of high quality.Towards the rear is a kitchenette and a Gents, and a Ladies Cloakroom.PRIVATE ACCOMMODATION:With access either directly from the business premises, or via a door on the front of the property if the new owner wishes to sub-let the accommodation. The accommodation has been stripped back with a view towards a total renovation, but the renovation will need to be completed before the accommodation would be habitable. When completed the private accommodation would comprise;Kitchen Rear facing with central heating radiator.Bathroom With bath, washbasin and wcBedroom 1 Rear facing with central heating radiatorBedroom 2 Front facing with central heating radiatorLounge Front facing with central heating radiatorRATES:The rates paid, Business and Water, as stated in the accounts to 31/8/2008, was £1,184SERVICES:We understand from the vendor that all main services are connected to the property.HOURS:Monday ClosedTuesday ClosedWednesday ClosedThursday ClosedFriday 9.30am - 5.00pmSaturday 9.30am - 5.00pmSunday ClosedNB Until Summer 2009 the business was trading for 5 days per week.REASON FOR SALE:It was originally intended that the business would pass to a family member who has now pursued an alternative career. As a result, retirement forces a reluctant sale.STAFF:There are no members of staff to be inherited by the new owner under the TUPE regulations.STOCK:The vendor informs us that the value of the stock is approximately £60,000.