Sold

Fancy Dress Retail Business in Weston-Super-Mare For Sale

Weston-super-Mare, Somerset

£85,000

Ref: 1849

Share this property
Share

Description

Hilton Smythe is delighted to welcome to the market this fancy dress retail business. The business was established by our clients in December 2001 and is only now being offered to the market due to our clients` family commitments. The business is open 5 days per week and generates a turnover in the region of £258,906 with a gross profit of approximately 51%.

The business has three revenue streams, firstly is the website, which has higher margins than the shop sales with low return rates, secondly the business advertises on the website Ebay, this accounts for 30-40% of online business with interest from all over the world, finally we have the Weston-Super-Mare shop, showroom and distribution centre, this caters for walk-in trade and local click and collect purchases.

Our clients offer a wide range of fancy dress costumes and accessories including period costumes from the 1920s to present day, historical costumes, wild west, pirate, Roman and Greek to name a few. The most popular costumes are for Halloween, Christmas and adult themed fancy dress.

Fancy Dress and Party is the only ecommerce site for fancy dress within the area and business is increasing at a rapid rate. Our clients have invested heavily in the ecommerce and order picking technology. The stock management system pulls orders from Ebay on the company website, plus local click and collect orders into a picking list for the warehouse. The picking list tells our clients where the products are and using bar codes to reduce errors it prints auto-peel address labels for dispatch.

A new venture is a tie-in with one of the largest fancy dress wholesalers. Our client has access to their full stock listings to improve their own product range; thereby reducing their own stock levels. We feel there is further scope to increase the turnover by extending the opening hours and perhaps opening the business on Saturday and Sunday. This is an excellent opportunity for a new owner to take this business to the next level; therefore early viewing must come highly recommended.

Tenure

Leasehold

We are advised Leasehold:

Original lease length: 3 years
Remaining lease length: 1½ years
Rent: £2,800 per quarter

Hours

The business is open:

Monday – Friday: 9.00am – 5.00pm
Saturday – Sunday: Closed

Staff

The business is owner run and managed with 3 x staff members.

Financial Profile

The business generates a turnover in the region of £258,906 with a gross profit of approximately 51%.

Location

Fancy dress and Party is ideally located on Sunnyside Road North in Weston-Super-Mare. The business is located just outside the town centre on an industrial estate. The business is set among complementary businesses and surrounded by densely populated residential areas, from which it draws much trade. Being positioned on a busy road on an industrial estate the business benefits from a large amount of footfall and a high volume of passing trade.

The business benefits from free parking to the front of the premises, along with a variety of amenities within the vicinity. Weston-Super-Mare is a popular tourist destination, with attractions such as the long sandy beach, the Helicopter Museum, the Grand Pier, the SeaQuarium and the seasonal Wheel of Weston.

The area is well served by the public transport system with several bus stops within easy walking distance of the property. The nearest railway station is less than ½ mile away. the property boasts easy access to the A-road system with the A371 being just a short drive away and links to the vast A-road and motorway network.

Premises

Two storey premises on an industrial estate just outside town centre, briefly comprising:

Main order and display area with:

2 x PCs to browse and order products.
Display areas to perimeter walls
Racking and shelving to suit trade.

Warehouse with:

Industrial racking and shelving to suit trade.
Packing tables.
2 x PCs and printers.
WC.

1st floor with:

Office area:
Desks and chairs.
3 x PCs with management system and printers.

All the office furniture and all PCs and printers are relatively new.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]