Sold
Party Shops Stocking Quality & Affordable Products
South Croydon, London
- Asking Price: £16,000 +SAV
-
Turnover:
We have been advised the following figures for both shops combined.
Turnover £279,151
Gross Profit £110,000
Adjusted Net Profit £15,000
SAV £100,000
Assets £3,000 - Tenure: Leasehold
CoGoGo welcomes to the market Jesters Party Shop.
This business provides a vast selection of costumes and accessories to either hire or purchase that are suited to all budgets.
Supplying costumes for seasonal events such as Halloween, Easter and Christmas and also and array of characters from film stars, popstars, Marvel characters and everything in between!
The business also provide party supplies such as balloon displays, novelty tableware and party hats.
Their busiest times of the year are Christmas, Easter and Halloween.
The Croydon site was the first to open in 2001 and due to the success of this they opened the second premises in Epsom in 2011.
The current owner is now looking to sell this very established business to pursue other career opportunities.
Viewings highly recommended to appreciate the location and potential of the business.
We are advised that both businesses are operating with 1 full-time member of staff and 5 part-time members of staff.
Both shops operate the same working hours:
Monday - Saturday: 9.00 am – 6.00 pm
Sunday: 10.00 am – 4.00 pm
This business has two premises, one located in Croydon and the other in Epsom.
The croydon shop has a total area of 117.5 M2 and is located along the busy Brighton Road with a few parking spaces to the front of the shop and street parking along the side road.
The Epsom shop has a total area of 138.92 M2 and is located along Upper High Street in Epsom with time limited parking adjacent to the premises.
Croydon
This shop is located on the ground floor of a 2-storey end-of-terrace property.
The entrance to the shop is situated on the corner of the premises, once in the shop there is a vast selection of costumes along with party decorations and supplies for customers to choose from.
To the rear of of premises is the counter which houses the till system.
Epsom shop
Located on the ground floor of a 3 storey terraced property.
The premises benefits from full length windows and glazed doors to front creating a light, airy and inviting interior.
Once in the shop you are greeted with an array fancy dress costumes and party supplies, to the rear of the premises is the counter which houses the till system.
Equipment included in sale:
• Till system x 2
• Racking
• CCTV (in both shops)
• Fridge
• Printer/scanner
• Balloon inflator
• Counter x2
Potential to grow the business:
• E-commerce site
• Advertising campaign
• Use of sites such as ebay and amazon
• Loyalty scheme
• Supply nearby schools and theatres
CoGoGo recommends early viewing to avoid disappointment
Tenure
Both premises are Leasehold:
Croydon:
Rent: £18,500 pa
Rates: £4,500 pa
Tenure: 10/8 remaining
Epsom:
Rent: £20,000 pa
Rates: £10,000 pa
Tenure: 10/3 remaining
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