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Leasehold Fancy Dress Hire Shop for Sale in West Midlands

Coventry, West Midlands

£39,500

Ref: 1323

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Description

Hilton Smythe are delighted to introduce Jokers Corner to the market, a fantastic quality business established by our clients 25 year ago and now reluctantly offered for sale as retirement is sought.

Jokers corner has developed and enviable reputation on the retailing and hire of fancy dress costumes and accessories for both children and adults. The business has hundreds of costumes for sale and over four hundred costumes to hire for a variety of occasions including, themed parties, seasonal events (Halloween, Christmas etc) stag and hen style parties, corporate events and many more.

As previously discussed the business has developed a fabulous reputation during its trading history and we are advised that a large proportion of business is through word of mouth referrals and repeat customers. Therefore, we feel that embarking on some form of local advertising would increase awareness of the business.

We are advised that the business currently has a website www.jokerscorner.co.uk and a further domain name in situ. We believe this offers enormous potential to increase sales, if the website were to be altered to allow on-line sales this would see a massive positive impact on revenue.

This is a quality business providing probably the best choice of fancy dress and accessories in the area.

Tenure

Leasehold

The business is offered on a leasehold basis:

Original lease length: 10 years
Remaining lease length: 10 years
Rent: £10,000 per annum

The lease has a 3 & 7 year break clause.

Hours

The business currently trades 6 days a week:

Monday – Saturday 10:00 – 17:00

There is potential to expand these opening hours as the business is currently being run very much at a pace to suit the needs of our client.

Staff

The business is currently owner run and managed.

Financial Profile

The business reports turnover at approximately £105,000 with gross profit in the region of £50,000.

Location

The business is ideally located within a parade of other shops and businesses on a busy through road within the city centre of Coventry, West Midlands. Situated centrally next to Dominos Pizza, the business benefits from being at the edge of a new village hub, which is being built, therefore generating much passing trade, as well as benefitting from excellent transport links including Coventry Railway Station, Central Bus Station and the M6 motorway linking into the UK Motorway Network.

The business also benefits from free on road parking and its proximity to the University of Coventry campus, which helps to ensure constant footfall in the area.

Coventry is the West Midlands second largest city, with a population of just over 300,000. The city benefits from a wide variety of attractions and vibrant city centre, with the added benefit of being only a short distance from the centre of Birmingham.

Premises

The ground floor lock-up grade 2 listed premises comprises:

Ground floor sales area with shelving and racking to the perimeter walls to suit trade, wig display, costume rails, full width serving counter with electronic cash register, 2 x changing rooms and storeroom to rear with W/C.

Basement with 2 x large store rooms.

Externally the business boasts excellent signage and free on road parking.

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