Asking price: £60,000

Sales revenue: £106,589

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

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.

ref:8049NG

Employees: The business is currently staffed only part time by the vendor, covering approximately 2 days per week with 1 full time member of staff and 1 full time member of staff on a temporary contract.

Trading hours: 6 Days a Week

Property: Leasehold

Lease terms
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

Living accomodation
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

Location
The business occupies a double fronted premise on a main thorough fare into the heart the city of Nottingham. There is a high volume of passing traffic as well as the surrounding area being densely populated with a high student population.

There are excellent transport links as the business is situated on an ‘A’ road into the city and excellent parking facilities with metered on street parking along the road and to the rear of premises.

Expansion potential
There is excellent potential for growth and expansion including further marketing within the area and any vendor wishing to staff the business with more hours themselves will benefit from better net profit due to a reduced wage bill.

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