• Popular Costume, Joke & Novelty Item Retailer
• Specialises in Halloween products from themed showrooms
• Well-presented throughout
• Located in sought after Somerset town
• Healthy turnover and profits with scope to improve
• Excellent local reputation plus good online sales
• Range of quality fixtures and fittings
• 4 parking spaces
• Desirable town centre trading position
• Fantastic change of lifestyle opportunity
• Good mix of complementary businesses nearby
Falcon Commercial is delighted to offer for sale this extremely well-presented Costumes, Fancy dress accessories, Jokes and Halloween Retailer which occupies a prime trading position on one of the main shopping streets in this popular Somerset town. It has been under the proud ownership of our clients since 1986. It is now reluctantly being placed on the market as the owner wishes to retire.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, friendly service and fantastic selection.
This extremely well presented turnkey retail business enjoys a central town centre trading position on a busy shopping thoroughfare with good pedestrian flow. Shoppers are attracted to the area by the range of independent and multiple owned businesses on offer. This rarely available opportunity has established itself as the area’s premier retailer of fancy dress and joke items largely due to the professional way the business is run with the excellent presentation in a stylishly fitted store, which has several departments along with knowledgeable and friendly staff
The Mad Hatter enjoys an all year round trade which is both over the counter and online. Combined sales are in the region of £300,000 with excellent gross profit margins.
Substantial and well maintained leasehold building, benefiting from being in a highly visible position on the main road that runs through Yeovil.
The premises have been well maintained and are fitted and presented to high trade specifications throughout. These charming premises which were refurbished in 2012 provide outstanding and highly functional internal business accommodation.
The premises briefly comprise:
• Ground Floor Retail 191.54 sq m (2,061.74 sq ft)
• Ground Floor Office 8.10 sq m (87.19 sq ft)
• Ground Floor Storage 55.36 sq m (595.90 sq ft)
• First Floor Storage/w.c. 130.44 sq m (1,404.06 sq ft)
• Car Parking Spaces 4
Business rates payable: TBC
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
The business stock value is: £150,000
The business is run by the proprietor with help from a dedicated team of full and part time staff who work on an agreed rota basis.
Each party to bear their own legal costs incurred in the transaction.
Accounts will be provided to genuine purchasers after a formal viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices 114/116 High Street Honiton EX14 1JP on 01404 758081
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou
• 9.30am – 5.30pm Monday – Saturday
• Closed Sunday and Bank Holidays
The business is offered for sale on a commercial leasehold basis at a current annual rent of £28,300 (excl. VAT). The lease Term expires in 2030, with tenant break clauses every 7 years. The next break opportunity is in 2019