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Well established Balloons and Party Accessories business for sale

Cheltenham, Gloucestershire
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Well established Balloons and Party Accessories business for saleWell established Balloons and Party Accessories business for saleWell established Balloons and Party Accessories business for saleWell established Balloons and Party Accessories business for saleWell established Balloons and Party Accessories business for saleWell established Balloons and Party Accessories business for saleWell established Balloons and Party Accessories business for sale
  • Leasehold: £64,999
  • Turnover: £96,460
  • Net Profit: Not Applicable
Business
Please quote reference B06689

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Banners N Balloons Limited which is a well-established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

The business was founded by the current owner in 1991 and has flourished under his ownership with many regular and returning customers and turnover increasing significantly each year.

Alas the time has come to sell this wonderful business, only due to a wish to pursue a change in direction. The vendor is keen to see his beloved balloon, fancy dress and party shop pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.

Banners N Balloons stocks a fantastic range of adult costumes, hen party accessories, stag do novelties and banners and balloons including balloon bouquets and personalised balloons. Additionally the business offers a range of additional services such as venue decoration, balloon release packs, corporate events and a delivery service.

The business offers an in house computer design service and offers a range of products including;

  • Printed Latex Balloons
  • Helium Rental
  • Personalised Foil Balloons
  • Halloween Costumes
  • Christmas Fancy Dress
  • Wigs and Makeup
  • Banners for indoor and outdoor use
The sale will include the company website (www.bannersandballoons.co.uk) and Facebook page and the business enjoys great visibility on the internet along with impressive reviews such as:

“Great experience, I’m from Nottingham and researched for a balloon shop prior to my arrival for my sister’s wedding to get some balloons last minute as a surprise! The chap in the shop was so helpful and gave the best advice based on the theme of the wedding. My sister and her fiancé absolutely loved the balloons. Thank you so much- highly recommended “

“We ordered balloons for our wedding from here at short notice and Donna was great, putting together just what we wanted. We bought the balloons home and they’re still up a month later. Would recommend“

Scope to improve - 

  • Advertising and marketing campaign
  • Maximise the use of social media particularly Twitter and Instagram
  • Introduce a floristry side to the business, real demand for this service which would have an immediate and significant effect on turnover
  • Add an e-commerce facility and upgrade website to enable on line sales for which there is real demand and again would have a significant effect on turnover
  • Explore online voucher discounters such as Wowcher and Groupon
  • Look at selling through Amazon and eBay
Reasons to Buy -

  • A well-established business with an enviable reputation and many existing customers
  • Current owner happy to offer a handover to ensure the continued success
  • Ideal owner managed or partnership business
  • A real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit
  • Prime trading position in the centre of Cheltenham with loads of footfall
  • There may be the possibility of purchasing the freehold in the future.
Very rarely do businesses of this calibre come to the open market, therefore early enquiry is highly recommended.

This lovely little business is likely to attract considerable interest.



Location
Banners N Balloons is located in Cheltenham.

A wonderful mix of the traditional and the new, Cheltenham nestles against the Cotswolds as the perfect place to unwind and refresh your mind, body and soul. With unique festival vibes, an abundance of independent and much loved High Street shops and incredible dining experiences from street food to Michelin starred fine dining. Cheltenham is a must visit town.

The town is near the north-eastern edge of the South West of England region being 88 miles west- northwest of London, 38 miles northwest of Bristol and 41 miles south of Birmingham. Cheltenham is adjacent to the M5 motorway and it’s junction with the A417 to Swindon, and the A40 runs from across the M5 through the town towards Oxford and Bristol.

Banners N Balloons is ideally situated in the centre of town close to other complimentary retail businesses including the popular Brewery Quarter and Waitrose and thus benefits from high levels of footfall and passing trade.

The business is beautifully presented and fastidiously maintained with clear visible signage and distinctive livery. The business occupies a prominent corner position and is hard to miss. There are a number of inexpensive public car parks within easy walking distance.



Premises
The business occupies generous ground floor premises and is presented to the highest standards and briefly comprises;

Shop - Generously proportioned shop with windows and fully glazed door to front and sides creating a light , airy and inviting interior, suspended ceiling with concealed lighting and spot lighting, carpeted floor, bespoke counter with stainless steel top and shelves and drawers beneath, wall mounted electric storage heaters, wall hanging space, freestanding displays, stock carousels.

Store room - With perimeter shelving and floor storage space.

WC - With close coupled toilet and hand wash basin.



Tenure
We are advised that the business is being sold on a Leasehold basis, our client happy to negotiate aa mutually acceptable lease with the new owner. The rent is £12,000 per annum. 



Hours
The business hours are -

Monday – 09:00 – 17:00
Tuesday – 09:00 – 17:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 17:00
Friday – 09:00 – 17:00
Saturday – 09:00 – 17:00
Sunday - Closed




Staff
We are advised that the business is owner run and managed, with the help of 1 full-time member of staff. 



Financial Profile
We are advised as per the 2019 accounts, the business generated a turnover in the region of £97,000, with an adjusted net profit in the region of £30,000. Full financials can be made available upon further request.

Please quote reference B06689



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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. Rest 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.

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