Well Stocked & Busy Party Accessories Shop

Upminster, London

Status

FOR SALE

Date Submitted:

18/02/19

Advert ID

238101

Reference

B05018 / Rightbiz
Leasehold: £150,000
Annual Turnover: £231,564
Business
Please quote reference B05018

Hilton Smythe welcomes to the market S & A Imports, a family run business, which was established in 1975, our client is now looking forward to retirement.

S & A Imports is an Aladdin’s Cave of gifts, artificial flowers, party goods, wedding accessories that supply for weddings and parties across Essex and beyond.

Having been established in 1975 the business has grown by word of mouth advertising only and although there is a website www.partyflair.co.uk, this does need to be brought up to date.

The premises are vast at circa 504 square meters and is split over two levels.

The first floor of the barn is devoted to the artificial flowers and the ground floor has everything you will need to set up your wedding, party, hen party etc.

The business is stocked full and has a large area devoted to Christmas.

All the stock rooms etc are located on the ground floor.

The business has many returning customers and there is always someone coming through the door from opening at 10am to closing time.

S & A Imports is a profitable business, however, there is huge scope for development by considering the following options:
• Updating the website
• Selling on Amazon
• Selling on eBay
• Creating a social media page
• Considering opening Mondays


There are many reasons to buy S & A Imports including
• Long established business
• Many repeat customers
• Profitable business


Hilton Smythe highly advise early viewing to avoid disappointment.



Location
S & A Imports is located in Corbets Tey, just outside of Upminster, Essex.

The premises are located in the grounds of a farm alongside many other thriving businesses, however, the business, which has been running since 1975 has the majority of customers in the area.

There is parking for several vehicles directly outside and plenty of further parking very close by.

S & A Imports is located on High House Farm just behind The Huntsman & Hounds Pub



Premises
Outside is a parking area for at least 10 cars with further close by parking available.

The entrance door takes you in to the barn style building with many aisles full of goods including:
• Wedding accessories
• Party goods
• Hen party goods
• Balloons
• Badges
• Banners
• A very large Christmas section, open seasonal times.


There are numerous store rooms.

At the exit there is the counter with till, behind which is the staff area.

The first floor is dedicated to artificial flowers with numerous displays and two emergency exits.



Tenure
We are advised the business is being sold as a Leasehold business opportunity.

The business has a rolling lease with an annual rent of £34,560

Rates are payable at £11,400 per annum



Hours
The business opening hours:
Monday: Closed
Tuesday - Wednesday: 10am – 4pm
Thursday - Saturday: 10am – 5pm
Sunday: 10am – 4pm




Staff
The business is run and managed by our client, with the help of 6 part time members of staff.



Financial Profile
S & A Imports generated an advised turnover of circa £231,564 as of the 2017 accounts, with a gross profit of 40% and a net profit of 10%

The stock is conservatively estimated at around £300,000

The assets being sold with the business are worth in the region of £35,000

Please quote reference B05018



Contact Agent
Advert Reference:
B05018 / Rightbiz
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