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City Centre Trading Position
Accounts Available Year End 31st March 2020
Annual Turnover £634,885
Gross Profit £104,906
Accounts Available After Viewing
Established 2014Retirement Sale
Comprehensive Website
Owner Operator
No Staff
Repeat Customer Base
Scope To Extend Marketing
Potential For Social Media Presence
Perfect Bolt On Opportunity
EPC - TBC
REF 7357 – Online Wholesale Vape Retailer
Blacks Brokers are pleased to bring to the market this leasehold online vape retailer located in Salford, Greater Manchester.
Introduction
Vaportiser Ltd was established by our client in this busy area of Salford in 2014. The business offers a wide range of vaping products and accessories on a wholesale basis. It has become very well known in this sector and has a strong base of regular customers in place. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Vaportiser Ltd has a comprehensive website in place but at present, no social media and little advertising has been done to reach this stage.
Location
Vaportiser Ltd occupies a prime trading position within a commercial area of Manchester city centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Halfords and Kwik Fit. Manchester Cathedral and The National Football Museum are also nearby. The area is well linked by the M602 and A57(M) with very strong public transport links and parking is available immediately outside.
Reason for sale
The business is ideally suited to a hands-on owner-operator and is only offered for sale due to our client’s retirement. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
Lease
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a three year lease which began in 2018 at a cost of £138.50 per week.
Staff
The business operates with our client and partner only in employment working on a full time basis.
Financial details
Vaportiser Ltd has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st March 2020 show that the business has an annual turnover of £634,885 and a gross profit of £104,906. Full financial information can be made available after viewing.
Business rates
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
Summary
This well established business occupies an enviable trading position in a bustling and sought after industrial area of Manchester city centre. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and a new social media presence. There is also scope to expand sales into other platforms such as Amazon, e-Bay and so on. 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.