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Established Vape Shop In Hawick For Sale

Hawick, Scottish Borders, UK
Asking Price:
£34,950 Furniture / Fixtures included
Turnover:
£130,000
Net Profit:
On request

The business has traded from this address for approximately 11 years, giving it a strong local presence and an established customer base. The shop is currently operated with two members of staff and offers a straightforward opportunity for either an owner-operator or an existing retailer looking to expand.

Key points:

Established business trading for approximately 11 years

Central location in Hawick

Recognised local presence and regular customers

Currently staffed by two employees

Suitable as a standalone business or an addition to an existing retail operation

Potential for further growth through expanded product ranges, online sales, marketing and local delivery

Property Information

Property:

Leasehold

Living Accommodation:

N/A

Location:

The business occupies a prominent High Street location at 17 High Street in the centre of Hawick. It benefits from good visibility, regular pedestrian traffic and convenient access to nearby shops, services and local amenities. The central position has helped the business establish a strong local presence during its 11 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 space for product displays and a service counter, together with staff and storage facilities.

A large basement is also included within the rental agreement. It is currently unused and provides substantial additional storage space or potential for other 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:

The business offers several opportunities for future growth. A new owner could expand the product range, develop online ordering and local delivery services, increase social-media marketing, introduce customer loyalty schemes or extend opening hours where commercially worthwhile.

The large basement included within the rental agreement could provide additional storage or support an expanded operation. Alternative uses may also be possible, subject to the landlord’s consent and any necessary planning, building and regulatory approvals.

Competition / Market:

The business operates within a competitive retail market, with competition from other vape retailers, convenience stores, supermarkets and online sellers. Future considerations may include changes in customer preferences, pricing pressure, new local competitors and developments in vaping regulations.

However, the business benefits from approximately 11 years of trading, an established local presence, a prominent High Street position and a base of regular customers. Continued focus on customer service, competitive pricing, product choice and regulatory compliance should help it remain competitive.

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