Lucy Lou's Balloons - Established Card and Balloon Shop in Wigan Manchester for Sale
Wigan, Manchester
- Status
UNDER OFFER
- Date Submitted:
14/02/24
- Advert ID
606779
- Reference
B07834 / Rightbiz
- Call Agent:
- Leasehold: £15,000
- Turnover: £91,676 (£1,763 Per week)
- Net Profit: £9,032 (10% Profit margin)
Business Details
Well Established Card And Balloon Shop For Sale
BusinessPlease quote reference B07834
CoGoGo welcomes to the market Lucy Lou's Balloons, a highly rated Card and Ballon shop in Standish, Wigan.
The business was first established by our client in 2011, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, the business is extremely popular within the area.
Lucy Lou's Balloons has now come to the market as our client is now looking to move onto a new venture.
Lucy Lou’s balloons is a 13-year-old established business that specialises in balloons, cards & party decorations services.
It has many repeat local customers, and repeat orders from schools/colleges annually. It also has repeat orders from commercial business including Howden’s, B&Q, Gala bingo, Iceland, Handelsbanken, Dunkin Donuts and Heinz.
The business also has an established Facebook accounts with over 4.1k followers and an Instagram account with over 800 followers. It gets alot of on-going enquiries and orders through social media. A new buyer would have instant access to a network of over 5k people. There is also a business website which could also be put live again. That platforms includes all products, and the ability to purchase from Lucy Lou’s Balloons online via credit card, debit card and PayPal.
Scope for further growth -
- Increase advertising and marketing
- Put website live again
- Expand catchment area
Location
Lucy Lou's Balloons is located on High Street in Standish, Wigan.
Due to its location and large bright signage, it receives regular levels of passing trade and footfall.
Premises
Ground floor -
- Main shop area which contains the balloons, cards and gifts.
- A Kitchenet unit used as a work station and storage.
- A till and a pink cushioned counter.
- 13 card units with draws.
- Three additional rooms.
- One room used as storage for seasonal gifts/cards.
- A small toilet and sink room
- A back door which leads to the bins/rubbish area.
- There is also a sercurity gate to the rear.
Tenure
We are advised that the business is being sold on a Leasehold basis, with the current 3 year lease due to expire in May 2024. The current rent is £712.50 per month.
A new buyer would have to negotiate a mutually acceptable lease and rent terms with the landlord.
Hours
The current trading hours are -
Monday - Closed
Tuesday to Friday - 9:00am - 5:00pm
Saturday - 9:00am - 4:00pm
Sunday - Closed
Staff
We are advised that the business has 3 members of staff.
Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £92,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.'.
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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.
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Contact seller
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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