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Shop for sale

Water Street,Radcliffe,M26

44 sq. m. | £15,000

Property Description

Commercial information

  • Business for sale
  • 473 sq ft (44 sq m)

Key features

  • REF: 1358
  • LEASEHOLD
  • BALLOON STORE
  • GIFT SHOP
  • PARTY STORE

Full description

Tenure: Leasehold

LOCATION
The business is situated in Radcliffe a town with the metropolitan borough of Bury in Greater Manchester. Radcliffe is around 2.5 miles from Bury and 6.5 miles from the City of Manchester.

The business operates from a busy shop in the town centre. Situated on Water Street, a main thoroughfare running through the town centre, situated amongst a busy retail parade in this heavily populated residential area ensuring ample passing trade throughout the day.

Radcliffe has excellent road links with the A665 linking the town to the M60 motorway and national motorway network.

BUSINESS
Hilton Smythe introduces to the market ABC Balloons. The business has been established for 3 years and has built up a substantial turnover and client base in that time, with the advantage of a main road location and no competition in the locality.

This is a delightful niche business selling balloons, greeting cards, fancy dress, wrapping paper, special occasion gifts, novelties, soft toys and photo frames. The business is also licensed to sell fireworks. Additionally, revenue is generated from the hire of a Candy Stall available for events and functions.

We feel there is enormous potential to expand the business further, perhaps by introducing fancy dress costumes for hire and certainly the introduction of sales via e-commerce would pay dividends and lend to the opportunity of expanding stock lines. Our client feels that another possibility to improve the business would be to introduce a floristry arm to the business, which would complement this already thriving business.

The shop is very well presented with good design and decor throughout and the price includes Helium Cylinders, a balloon filling machine and a Candy Stall.

The owner is selling as he has other business interests and cannot commit the time and effort to the business it deserves, therefore this is an ideal opportunity for an active and willing owner to put in the time, effort and capital to take this profitable concern to the next level.

PREMISES
This single fronted terraced premises briefly comprises:-

Well maintained and decorated retail area including card display racks, shelving and hooks around the perimeter, rotating display units and candy stall.

To the rear of the retail area is the wooden serving counter with till and card machine.

To the rear of the premises is a good sized store room, toilet facilities and access to the rear yard.

The business has highly visible signage with large glass display window. The business benefits from street parking to the front aspect with additional parking in a car park opposite.

TENURE
The premises are ground floor only, held on a 3 year lease from May 2013. It is understood that the Landlord would be willing to grant a new lease.

The rent is 400 PCM.

STAFF
The business is owner run and managed with the assistance of 1 part time member of staff at present with the wages bill at 6500 per annum.

FINANCIAL PROFILE
The turnover is increasing dramatically every month and is now reported at around 65,000 per annum. The reported gross profit is anticipated to be at least 44,000 for 2013 with a net profit of not less than 33,000.

The Candy Stall is rented out at 150 per event.

There are no rates payable at present.


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