Asking price: £324,950

Sales revenue: £36,000

Net profit: £18,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
BUSINESS HISTORY
SBS Commercial is pleased to offer for sale this business and extremely well presented property which our clients are placing on the market in order to retire. They will also accept offers for just the freehold property which could be utilised for other business purposes or have the business area converted into residential use.

The business was founded in 2005 by the vendors and specialises in the hire of fancy dress costumes together with the sale of accessories such as masks and wigs etc.

CUSTOMER BASE
They benefit from a large catchment area with little local competition. Clients include: private individuals; holiday camps; hotels; restaurants; retailers and schools, many of which organise theme days and occasions such as St Georges Day, Red Nose Day and fancy dress balls.
They stock over 1,200 costumes from well known suppliers that include, Smiffy’s; In Character; Leg Avenue and many others with typical hire charges ranging from £22 to £40.

The majority of their business is generated through the excellent reputation that they have established and via their recently established web site.

GROWTH POTENTIAL
The owners run the business without any staff on limited hours which means there are genuine opportunities for growth.

SUMMARY
This is a well run, profitable small business and one that we believe would appeal to anyone seeking a lifestyle business opportunity.
Alternatively these well presented premises could be used for other retail opportunities or have the business areas converted for residential use such as a granny annex or holiday letting accommodation.

Early viewing is highly recommended.

Years established: 4 years

Employees: Husband & wife part-time only

Trading hours: Mon & Fri: 2.00am – 6.00pm Sat: 10.00am – 5.00pm Tues, Wed, Thurs & Sun: Closed

Property: Freehold

Living accomodation
See premises details.

Location
The business operates from spacious freehold premises that are situated in the centre of the picturesque village of Wrentham which lies a few miles inland from the popular East Coast resort of Southwold. It also benefits from good road links to the nearby towns of Beccles and Lowestoft and the City of Norwich.

Competition / Market
Little local competition

Support & training
As required from the vendors

Reasons for selling
Retirement