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Established Vape Shop 12 Years Trading - Hawick For Sale

Hawick, Scottish Borders, UK
Asking Price:
£24,950 Furniture / Fixtures included
Turnover:
£120,000
Net Profit:
On request

An excellent opportunity to acquire a long established and respected vape retail business in the heart of Hawick.
Trading successfully since 2014, this business has built a loyal customer base and enjoys repeat trade from customers across the Scottish Borders. Located on a busy High Street, it benefits from excellent visibility, regular footfall and a strong local reputation.

The business generates annual turnover of approximately £120,000 and is offered as a genuine sale as the owner wishes to focus on other business interests.

The premises are fully fitted and ready to continue trading immediately with approximately £6,000 of fixtures and fittings and around £5,000 of stock, plus a professionally installed CCTV security system and a professionally monitored police response intruder alarm, providing enhanced security and helping meet commercial insurance requirements.

Property Information

Property:

Leasehold

Living Accommodation:

N/A

Location:

The business occupies a prominent High Street location at 17 High Street, Hawick. It benefits from excellent visibility, strong pedestrian footfall and convenient access to nearby shops, services and local amenities. The central location has helped the business build a loyal customer base and a strong local reputation over its 12 years of trading.

Premises Details:

The business operates from a practical ground-floor retail unit at 17 High Street, Hawick. The premises include a customer-facing sales area with attractive product displays, a service counter, staff facilities and storage space. The shop is fully fitted and equipped, allowing a new owner to continue trading immediately.

A large basement is also included within the lease. It is currently unused and provides substantial additional storage space or potential for future development or alternate uses, subject to the landlord’s consent and any necessary planning or building approvals.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Expand product range.
Develop online sales.
Increase social media marketing.
Make use of the large basement for additional storage or future development .

Competition / Market:

The business has traded successfully for 12 years and has built a loyal customer base through excellent customer service, repeat custom and a strong local reputation. As with any retail business there is competition, but the business continues to perform well due to its established presence, a wide product range and customer loyalty.

Reasons for selling:

The business is offered for sale as the owner wishes to focus on new projects and other business interests.

Trading hours:

9-5.30 6 days

Employees:
2
Years established:
12 years, 2014

Other Information

Furniture / Fixtures value:
£6,000 - included in the asking price
Inventory / Stock value:
£5,000