Property Descriptions

Business Profile: This independent family-owned company has been specialising in advising and supplying dancewear to children and adults for over 40 years. It prides itself on providing an excellent level of service and specialist advice demonstrated by the numerous positive reviews from customers. Services One to One fitting and advice service in the retail shop Comprehensive online store with well laid out clothing and accessory categories International dance clothing brands Clothing for a range of dance types from ballet, jazz, ballroom Specialist dance shoes Uniforms for all of the major UK dance schools Customers: The business has a large and loyal customer base not just in East Anglia but UK wide. Technology: All other necessary IT equipment, including payment systems are in place to run a successful business. A full inventory of equipment is available to all genuinely interested parties. Key Strengths: Excellent reputation for service Specialist knowledge and experience in dance and dancewear Retail shop in excellent location Loyal and experienced staff Growth and Expansion: There is considerable scope to expand the current business by creating a national based marketing plan and targeting schools, colleges and dance schools. Advertising: Most work currently comes from the established reputation of the business and referrals from existing customers. Further business could be easily generated by a clear social media campaign with a range of SEO and PPC advertising. The business has some social media accounts such as Facebook and Instagram and further business could be generated by increased marketing activity on these sites.. Employees: The business is supported by xx full time staff including: 2 Directors 1 Retail Manager 6 Part Time Retail Assistants as below: (2 x Job Share, 1 x 3 days a week and 3 x 1 day a week) Many of the employees have been with the current owners long ter. Business Hours: Shop Mondays to Fridays 9.15am – 5.30pm Saturday 9.15am - 4.00pm Premises: The business operates from a well located premises with advertised shop front, and are fitted out to a very high and professional standard. There is ample parking. The company owns the lease which has 50 years plus remaining. Assets owned by the business The business holds a significant amount of stock. Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business has achieved a history of excellent turnover and profits consistently over the last 40 years. Turnover to 31st December 2023 £629,848 Gross profit circa £290,656 Net profit circa £7,725 The Asking Price of £475,000 is for 100% of the issued capital of the company including Net Asset Value. The asking price of £475,000 assumes a NAV of £800,000 with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark NAV of £800,000. A complete asset list is available. Reason for Sale: The directors are keen to pursue other interests having operated this business for many years. Support and Training: The existing directors and shareholders will provide full support and training to any purchaser.