Business
Please quote reference B07834

CoGoGo welcomes to the market Lucy Lou’s Balloons, a highly rated Card and Ballon shop in Standish, Wigan. 

The business was first established by our client in 2011, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, the business is extremely popular within the area. 

Lucy Lou’s Balloons has now come to the market as our client is now looking to move onto a new venture. 

Lucy Lou’s balloons is a 13-year-old established business that specialises in balloons, cards & party decorations services. 

It has many repeat local customers, and repeat orders from schools/colleges annually. It also has repeat orders from commercial business including Howden’s, B&Q, Gala bingo, Iceland, Handelsbanken, Dunkin Donuts and Heinz.

The business also has an established Facebook accounts with over 4.1k followers and an Instagram account with over 800 followers. It gets alot of on-going enquiries and orders through social media. A new buyer would have instant access to a network of over 5k people. There is also a business website which could also be put live again. That platforms includes all products, and the ability to purchase from Lucy Lou’s Balloons online via credit card, debit card and PayPal.

Scope for further growth –

• Increase advertising and marketing
• Put website live again
• Expand catchment area

Location
Lucy Lou’s Balloons is located on High Street in Standish, Wigan. 

Due to its location and large bright signage, it receives regular levels of passing trade and footfall. 

Premises
Ground floor –

• Main shop area which contains the balloons, cards and gifts.
• A Kitchenet unit used as a work station and storage.
• A till and a pink cushioned counter.
• 13 card units with draws.

First floor –

• Three additional rooms.
• One room used as storage for seasonal gifts/cards.
• A small toilet and sink room

External – 

• A back door which leads to the bins/rubbish area. 
• There is also a sercurity gate to the rear. 

Tenure
We are advised that the business is being sold on a Leasehold basis, with the current 3 year lease due to expire in May 2024. The current rent is £712.50 per month. 

A new buyer would have to negotiate a mutually acceptable lease and rent terms with the landlord. 

Hours
The current trading hours are –

Monday – Closed

Tuesday to Friday – 9:00am – 5:00pm

Saturday – 9:00am – 4:00pm

Sunday – Closed

Staff
We are advised that the business has 3 members of staff. 

Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £92,000. Further financials can be made available upon request.