Established Somerset Party Shop with Double-Fronted Premises Up for Sale
Undisclosed, Somerset
- Status
FOR SALE
- Date Submitted:
02/03/24
- Advert ID
607698
- Reference
M5583 / Rightbiz
- Call Agent:
- Leasehold: £60,000
- Turnover: £156,000 (£3,000 Per week)
- Net Profit: Not Applicable
Business Details
Party Shop for Sale
WE ARE INFORMED by the owner the turnover currently averages £3,000 per week with a gross profit of 35%/40% approx. FEATURES: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 PRICE:
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Contact Agent
Listing Statistics
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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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