Well-Established party shop and balloon business in Gloucestershire.

Lechlade, Gloucestershire
REF: INT1996

Asking Price:
£35,000
Annual Turnover:
£75,000
Annual Net Profit:
£15,300
Reduced
REF: INT1996
Photo of Well-Established party shop and balloon business in Gloucestershire.
Photo of Well-Established party shop and balloon business in Gloucestershire.
Photo of Well-Established party shop and balloon business in Gloucestershire.
Photo of Well-Established party shop and balloon business in Gloucestershire.

Overview

Tenure:
Leasehold
Established:
2014
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Strong Supplier Relationships
  • Wide Variety of Products & Services

This is a fantastic opportunity to acquire a popular and well-established party shop and balloon business, which operates both a successful online store and a busy physical shop. The turnover is currently split 50/50 between local and online sales.

First established in 2014, the business initially started out as an online business, selling tableware, decorations, and accessories. Following online growth and success, the owners recognised the potential for a local store, opening a physical shop on Lechlade high street in 2018, which benefits from an ideal trading position. Since opening its doors, the shop has attracted a large, repeat customer base, supplying independent clients with balloon arrangements and co-ordinating party supplies.

The business provides premium party supplies with a WOW factor, selling eye-catching and unique balloons, tableware, decorations, hand-made sweet party favours, and much more. They cater for all occasions, providing balloons and partyware for birthdays, seasonal events, weddings, christenings and corporate events.

No matter the event, the company can add a personal touch with their award-winning customer service. The business provides a one-stop shop for customers, selling everything clients may require for events.

The retail shop operated successfully throughout the pandemic, growing by over 100% between 2020 and 2022, as they began to offer a click-and-collect and delivery service. This ensured customers could decorate and celebrate in their own homes, with this trade continuing into the present day. Through the company’s user-friendly website, the online shop also enjoys strong nationwide business. The website was rebranded in 2021, giving it a fresh modern look which is used for store graphics, ensuring the business has a consistent look both online and in-store.

The thriving store has amassed over 50 5* reviews across Google and Facebook, with high praise based on the quality of the service and excellent party supplies. This business represents an enormous growth opportunity, as there is huge potential to expand the company’s online sales. This business would be perfect for someone looking to expand an already flourishing company.

This business is ideally located on the busy Lechlade high street, which has plenty of footfall, meaning a wealth of trade for the new owner. The business has car parking nearby, making the store convenient and easy to access. Most importantly, the store benefits from limited competition within the local area.

There will be a new lease in place as the current lease is on a 2-month rolling agreement.

The business has forged strong relationships with its suppliers, which could normally be hard to attain for a new company.

The company has amassed a customer database with over 7,000 subscribers, which features many corporate customers, who regularly place large orders.

The current owners are happy to offer an initial transitional period, in order to ensure there is a smooth and efficient business handover.

This would be the perfect opportunity for anyone looking for a fast-paced business, which has growth potential. It would work particularly well for someone with a background in e-commerce, as they could help drive online sales. Furthermore, this would be an ideal partnership business for those looking to work together, one working on the shop and the other focusing on the e-commerce and online sales of the business.

There is incredible scope for growth with this business, as the new owner will have several possible growth avenues to explore.

First of all, the business has an email marketing list of over 7,000. The new owner could look into running active email campaigns, to attract custom.

The business already has an excellent digital marketing strategy, but the new owner could consider optimising the SEO plan and growing the company’s online presence.

The company has an easy to use and full working website and also promotes itself on a range of social media.

Features

Key Information

  • Sells Online: Yes
  • Products Sold: Cards, Other

Reputation

  • Google: 4.7

Online Presence

  • Facebook: Yes
  • Twitter: Yes
  • Instagram: Yes

Website: www.fabulouspartyware.com

Location

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  • High Street Location
  • High Footfall
  • Nearby Car Parking
  • Good Transport Links
  • Limited Competition

Property

Annual Rent
£6,600
Annual Rates
TBC
Lease Term (Years)
1
Lease Expiry (Year)
2022
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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