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 time 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 for a long time.
Business Hours:
Shop
Mondays to Fridays: 9.15 a.m.–5.30 5.30pm
Saturday, 9.15 a.m.–4.00 4.00pm
Premises:
The business operates from well-located premises with an advertised shop front that 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 has achieved a history of excellent turnover and consistent profits over the last 40 years.
Turnover to December 31, 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 its net 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.
