Clothes Shops for sale in Diss

View the "Fabric Shop Incorporating Handmade Fancy Dress" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Fabric Shop Incorporating Handmade Fancy Dress

Diss, Norfolk, England

  • Price: £14,999  Price Reduced arrow_drop_down
  • Turnover: £80,969
  • Gross Profit: £16,979
Seller Reference: B05651
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Business Description
 
 
 
 
 
 
 
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Seller Reference: B05651
Request Details
Business Description
Business
Please quote reference B05651

Hilton Smythe welcomes to the market Kidz Fancy Pantz, a family run business that was established by our client in 2007, who is now moving abroad, hence the sale.

Kidz Fancy Pantz is a fabric sale, handmade fancy dress business and haberdashery that has over 12,000 followers across 2 Facebook sites. Approximately 80% of sales are from the Facebook sites and the remainder from eBay. Our client works no more than 4 hours a day and with the right person at the helm, Kidz Fancy Pantz is a business that could be run full time, from home and create a generous income.

There is plenty of scope for development of the business by considering the following:


  • Creation of a website to promote the business

  • Working full time

  • Add further lines to the haberdashery stock

  • Stock more fabrics


There is also the opportunity to take over the current premises if the new buyer wants to stay in Norfolk and does not have premises of their own, however, the business could be operated from home in an area the size of a garage.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Kidz Fancy Pantz is a handmade fancy dress and haberdashery business that can be based anywhere across the UK. Currently based in Norfolk within a barn style building this is a fully portable business that has a strong social media presence.

Premises
The business is being sold with:


  • 2 Facebook sites with over 12,000 followers.

  • eBay account with strong reviews.

  • All business contacts.

  • Industrial sewing machine.

  • Singer over locker.

  • 12 years of contacts.



Tenure
We are advised the business is being sold as a business only opportunity.

However, if the new buyer does wish to take over the current premises in Norfolk it comprises of a 2-room former barn and the current rent is £2,500 per annum on a rolling lease.

Hours
The business opening hours are currently to suit with our client usually working around 4 hours per day.

Staff
The business is run and managed by our client.

Financial Profile
Kidz Fancy Pantz generated an advised turnover of circa £81,000 as of the 2019 accounts, with a gross profit of 21%, a net profit of 16.6% and an adjusted net profit of 20.9%.

The assets being sold with the business are worth in the region of £2,000 and the average stock value is in the region of £3,500 - £4,000.

Please quote reference B05651

Is this business relocatable:
Yes
Listed by:
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