Ref 6960 – Leasehold Toy Shop
Blacks Brokers are pleased to bring to the market this leasehold toy shop located within the town centre of West Kirby, Merseyside.
The Red Balloon Toy Shop is a delightful treasure trove, packed with 1,000+ toys - from famous international brands like Lego and Playmobil, to trusted British brands like Galt, Wow, Orchard Toys and Usborne books to exclusive hand-made items you won't find elsewhere.
Established in this affluent area of Merseyside in 2013, the shop is very well known, and has a strong base of regular customers. It also benefits from a large amount of passing trade due to its excellent position.
Our client has ensured the business has an excellent reputation, with superb reviews on Google and Facebook and a strong active social media following. The Red Balloon Toy Shop has a comprehensive website and newly installed hi-tech stock and epos system. An extensive interior refurbishment was carried out in 2016 comprising a beautiful hand made, wooden train-themed counter including gift card display and bespoke child safe adjustable shelving. Space has been maximised with floor to ceiling reinforced shelving and discrete floor level storage.
The Red Balloon Toyshop Ltd occupies a prominent trading position within a parade of shops, cafes and children's activity venues. The area is densely populated commercially, with neighbouring businesses including eateries, independent retailers and large multiples like the Post Office and Morrisons. It's also very near West Kirby Train Station, the beach, the marine lake and the leisure centre. West Kirby is well linked by the M53 and has strong public transport links. There is plenty of parking nearby.
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The current lease is a rolling annual lease which began in 2018 at a cost of £173 per week. We are advised that a new lease can be agreed if preferred.
The business operates with three part time members of staff in employment.
The Red Balloon Toyshop Ltd has traded solidly since opening and our client has established a strong customer base. Accounts for year ending 31st March 2019 show annual turnover of £80,921 with gross profits of £36,235. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a well established and well known toy shop which occupies a superb trading position and has a strong base of regular customers in place. There is plenty of scope to develop the business further with the introduction of an online shop, new product lines and an owner operator to reduce staffing costs. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £24,950.
Please quote ref: 6960