Party Shop in Somerset For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, NE SOMERSET

Turnover £ 3,000
Price £60,000

Features

Party Shop

6 DAYS OPENING

The shop was taken over in 2005 as a card/gift shop and evolved, fulfilling a huge gap in the market locally. Balloons and party accessories were introduced with a lots' of success, followed by Costumes and Costume Accessories. Each department of the shop went from strength to strength.

Not only does this shop fulfil party needs to locals but has customers travel from far as businesses like this are hard to come by in this day. Poppers The Party Shop has successfully traded with many competitors opening and closing around us as well as surviving the Covid 19 Pandemic.

DOUBLE FRONTED PREMISES in the region of 1,000 ft². Carpet tiled floor, suspended ceiling with LED lighting. Sales counter, cash register, modern adjustable shelving etc.

Store room

Staff toilet with w.c. and wash hand basin

Kitchen

Additional Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 35%/40% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 10am - 5pm
SATURDAY 9am - 5pm

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £20,000 p.a.

Business Rates from April 2023 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote