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Freehold Well-Established Banbury,Oxfordshire Traditional Specialist Pure Tobacconist with possible residential use for Sale
Turnover £268,000 EBITDA £35,000 Asking Price £150,000
Here is a rare opportunity to acquire a business premises currently operating as a 100% pure tobacconist shop in continuous operation for approximately 100 years,but suitable for other retail purposes. Situated in Banbury, the business currently sells fine cigars, loose tobacco, pipes lighters, and other smoker’s requisites. The business operates from a freehold Grade II listed building dating to at least the early 1800’s. There is a cellar, ground floor shop, and two rooms above, together with an attic. This stunning business is like a working museum, but one whose commercial viability can be substantially improved. There is a possibility that the building may be granted permission as a residential dwelling subject to planning permission.
The sale will include the freehold building, at current market value, to be agreed. The business has huge potential as it has very little in the way of an online presence, other than an eBay shop and would benefit from a website. The company has accumulated a substantial client database over the years.
The reason for the sale is due to the retirement of the owner.
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