FOR SALE
28/02/24
607545
551 / Rightbiz
This is a superb opportunity to acquire a well-established independent Fancy Dress shop based in Coventry, West Midlands. This is available on a leasehold basis.
The shop is a well-known family business with an excellent reputation in Coventry and the surrounding areas. They stock a wide range of quality costumes and accessories including hats, toy weapons, wigs, face paints, contact lenses, masks, and much more to hire or purchase. They also stock children’s fancy dress costumes, jokes and tricks, and supply stag and hen dos, and medieval costume hire for banquets. Whatever the occasion, you’re sure to find the right costume here to make your evening an unforgettable one!
The business has been successfully trading since 1995 but with the current owner since 2015 and has created an excellent reputation for the quality and range of its products, incredible customer service, and competitive prices. The business benefits from being the only fancy dress shop in Coventry and the surrounding areas so has no competition from other similar businesses in the region. The business also has great relationships with local theatres, radio stations, schools, including dance schools, University sports clubs & charities.
The premises are bright and spacious and have been renovated to a very high standard throughout as the vendor has skilfully combined the character features of the property with modern fixtures and fittings. The business has 2 fitting rooms for the use of customers, as well as staff toilet facilities and a cellar area which is currently used for storage but could be renovated to create a themed room for Halloween or Christmas.
· Business in operation for 30 years!
· Steady growth since establishment
· Excellent reputation
· Loyal customer base
· Prime location
· No competition in the area
· Excellent relationships with suppliers
· High turnover - £75,560
· Huge potential for further growth
· Fully fitted premises.
· Excellent transport links
· Car parking
It is with a heavy heart that the current vendor is selling due to relocating abroad. Due to the nature and impressive potential of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur who is looking for an established business within the retail sector or an existing business looking for a lucrative acquisition. This is a turnkey business that is ready to trade from day one and is positioned to thrive under the impetus of new ownership!
We have received many enquiries on this business at an initial stage so please contact us to arrange a meeting to avoid disappointment.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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