Hilton Smythe is delighted to welcome to the market this well-established and very popular balloon and party shop located in the affluent area of Richmond, London. The business was established by our clients` in 1997 and is only now being offered to the market due to our clients` desire for a well-deserved retirement. The business operates 6 days per week and by appointment only on Sundays, generating a turnover in the region of £134,000, with a gross profit of approximately 52% as per 2015 accounts.
Our clients offer a wide range of services including printed latex balloons, printed foil balloons, helium hire, balloon decorating, table and chair hire, party goods, delivery service, balloon in a box, bouquet balloon service plus much more. The business has built up an excellent reputation within the area for the high quality of goods and services offered, which has resulted in a very loyal client base including famous people and film/TV celebrities, with a lot of repeat trade and word of mouth referrals. The business also boasts 5 star London hotels as clients.
We feel there is scope to increase the table and chair hire service and targeting social media campaigns on twitter, facebook and linkedIn. Hotels and corporations to develop more opportunities. The business already has an excellent website in place to advertise the business and the vast amount of services offered. This is an excellent opportunity for a new owner to take this already thriving and popular business to the next level; therefore early viewing must come highly recommended.
The Balloon Works occupies substantial ground floor premises, ideally located on Sandycombe Road in Richmond, London. The property is surrounded by a wealth of complimentary shops, businesses and close to three major rugby grounds RFU/Harlequins/Richmond, which generates a vast amount of footfall and passing trade. The business is also a stone’s throw away from Kew Botanical Gardens a World Heritage Site. The business boasts on-street parking to the front of the property. Richmond is an affluent suburban town in southwest London and is located on a meander of the River Thames. The town has a wealth of amenities including theatres, cinemas, museums and galleries.
Richmond is well served by the public transport system, and. There are also several train and tube stations within close proximity. The area is also well served by the A-roads, including the A307, A316 and A205, which link to the vast A-road and motorway networks. The business also benefits from being close to M3, M4, M25 beneficial to the delivery services. London City Centre is approximately 8½ miles away and Twickenham is 3.2 miles away.
Ground floor, mid-parade premises, briefly comprising:
Large sales and display area.
Bespoke wall displays.
Chrome and slate shelving.
Large glass fronted firework display unit.
Desk and chair with electronic cash register, telephone and credit/debit card terminal.
Helium balloon bottle store room with small kitchen with sink and drainer
Dry storage area.
To the rear:
Store room and office with thirteen 5 x shelf racking.
2 x desks with PC, fax machine and printer.
WC and wash hand basin.
Mercedes Vito Van, 12 plate.
We are advised Leasehold:
Original lease length: 20 years
Review every: 5 years
Rent: £10,000 per annum
The lease is currently rolling over, although our client believes a new lease would be a formality.
The business is open:
Monday - Saturday: 9.30am - 5.00pm
Sunday: By appointment only.
The business is owner run and managed.
The business generates a turnover in the region of £134,000, with a gross profit of approximately 52% as per 2015 accounts.
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