Asking price: £25,000

Sales revenue: £100,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are pleased to offer to the market this extremely well established one stop party shop, which has been trading successfully for the past 20 years.

The current vendor has been in ownership since its inception and had gradually built it up to one of the best shops of its sort in the Midlands.

The owner is reluctantly selling due to retirement plans.

The shop offers a complete range of party goods, from the throw away necessities such as paper cloths, serviettes, plastic cutlery, paper/plastic plates to decorations of many types, gas filled balloons, nametags, table decorations, candles, theme decorations and much more. In addition, more personal party wear such as wigs, false moustaches, hats, part or full fancy dress outfits, facemasks, false feet and hands as well as all the accessories.

Additional products are offered to reflect seasonal changes during the year, e.g. Halloween, Christmas etc.

The company specialises in the sale of balloons and balloon decoration, which often means that they not only decorate private dwellings but also many of the hotels around for weddings/birthdays or anniversaries.

The main customer base is generally within a 20 mile radius but due to a comprehensive web site, which includes an ordering system, the goods can go a much greater distance.

The high local student population adds greatly to the turnover being counted as a great asset. They do on occasion advertise in the local paper as well as the local free press.

We are advised that stock at cost is approximately £20,000.

Over the years developing this business, the owner has derived a good living. There has never been a winding down of the business until today; in fact, new horizons have been sought at every turn, culminating as the business is now with a sales website. This can only expand if given firm direction and keen buying.
REF: 9222CV

Employees: The business is staffed by the owner full time and 4 part timers as required

Trading hours: Mon-Sat: 9am – 5.30pm

Property: Leasehold

Lease terms
TENURE: Leasehold – both premises have separate lease terms Shop 1 Original lease: 10 Years Remaining lease: 1.5 years Review every: 5 years Rent: £1,650 x4 (£6,600) Shop 2 Original lease: 6 Years Remaining lease: 4 years Review every: 3 years Rent: £8,250 P.A We are advised that the annual business rates are currently: £2,070

Location
Our client’s well established one stop party shop is conveniently located in a very upmarket South Warwickshire town, it is positioned central to a high student residential area and is next to complimentary businesses. It is monopolistic to many miles radius of its base. Car parking is good in the surrounding streets.

The main road network within the area is excellent, much of it dual carriageway, leading to motorways again allowing easy access from surrounding towns and villages.

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