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Business Hilton Smythe welcomes to the market Party World, which was established in the 1980’s and owned by our client, who is selling to pursue something different, since 2012.
Party World specialises in the sale and hire of fancy dress and the sale of party and fancy dress accessories. Being the only shop of its type in the area and bringing in clients from across nearby Hertfordshire towns, this is a great opportunity to excel this already profitable business.
Party World does have a website, and also a Facebook page with a 4* rating.
The shop has the exclusive rights to sell Smiffs party goods to the area.
Hilton Smythe highly advise early viewing to avoid disappointment.
Location Party World is located in the county town of Hertford, Hertfordshire, on one of the main shopping streets, opposite a main car park, which has half an hour free parking.
The town centre still has its medieval layout with many timber framed buildings, particularly on St Andrew Street. The town has major transport links via the A414 bypass to the A10 and to Hatfield and the A1; which is approximately 19 miles north of central London. Premises The shop is entered directly off the main road, which is located directly opposite a main car park.
The left hand side of the double fronted shop is dedicated to fancy dress hire and has a small changing room.
The right hand side has an array of stands and shelving for party goods, such as wigs, glasses, make up, etc.
The service counter is to the rear of the shop and has the till and storage behind, the wall mounted gas fired boiler for the central heating system is also located here.
Off the counter area is the store room which leads to the kitchen and toilet facilities. Tenure We are advised the business is being sold as a Leasehold business opportunity.
Original lease length: 5 years.
Remaining lease length: 1 year as of 2017.
Rent: £11,00 per annum.
The landlord is flexible with regards to renewing the lease for the premises. Hours The business opening hours:
Tuesday - Friday: 9am – 5pm
Saturday: 9am - 4pm
The hours could be extended to include Mondays to increase turnover. Staff The business is run and managed by our client only.
This business would suit a couple looking to work together and with drive to increase the turnover between them. Financial profile Party World generated an advised turnover of circa £51,313 as of the 2016 accounts, with a gross profit of 56%.
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For more information about this property, please contact Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)
Contact Hilton Smythe Commercial about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.