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Electronic Cigarette Retailer - Stockport For Sale

Stockport, Greater Manchester, UK
Asking Price:
£29,995 Furniture / Fixtures included
Turnover:
£50,860
Net Profit:
Available on request

Prominent Main Road Location
Accounts Available Year End 5th April 2019
Annual Turnover £50,860
Gross Profit £29,211Rent Includes Bills
Accounts Available After Viewing
Owner Operator
Relocation Sale
Handover Period Offered
CCTV Fitted Throughout
Well Presented & Fully Equipped
Database Of Clients
Scope For Social Media
EPC - D

REF 7340 – Leasehold Electronic Cigarette Retailer
Blacks Brokers are pleased to bring to the market this leasehold electronic cigarette retailer located in Stockport, Greater Manchester.

INTRODUCTION
Tar3 Electronic Cigarettes was established by our client in 2011 and the store opened in this busy area of Stockport in 2014. The business offers electronic cigarettes, liquids and accessories. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position on a busy parade which is directly opposite a main route bus stop. Our client has ensured the business has an excellent reputation. Tar3 Electronic Cigarettes has a basic website in place with online shop in place.

LOCATION
Tar3 Electronic Cigarettes occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Asda. There are also a number of schools and other local amenities nearby. The area is well linked by the M60 and M67 with very strong public transport links – Reddish Railway Station is only 50 metres away and parking is available in the immediate area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s relocation, 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.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The lease is a currently on a rolling lease at a cost of £150 per week including bills. We are advised that the landlord is able to offer a new lease once an offer is agreed.

STAFF
The business operates with our client only in employment.

FINANCIAL DETAILS
Tar3 Electronic Cigarettes has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 5th April 2019 show annual turnover of £50,860 and gross profit of £29,211. Full financial information is available upon request.

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 popular and well established business occupies an enviable trading position in a bustling, highly sought after area of Stockport. 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 longer opening hours, possibly a local delivery service where appropriate. There is also scope to raise the business profile further by improving the current website and introduction of social media presence with a targeted online marking drive. This proposition would ideally suit an owner operator with knowledge in this area who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - WED: 10:00 - 20:00 THU - SAT: 10:00 - 18;00 SUN: 10:00 - 13:00

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