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Reputable Vape Shop For Sale

Gateshead, Tyne and Wear, UK
Asking Price:
£69,999
Turnover:
£106,000
Net Profit:
Available on request

Business
Please quote reference B06352

Hilton Smythe welcomes to the market a vape shop.

The business was founded a few years ago when the founder identified a need in the area. The business has been run by the current owner since 2020. Under his ownership the business has thrived accruing an impressive number of regular customers along with a burgeoning reputation

The business is now being sold, albeit reluctantly and with a heavy heart only due to poor health. The vendor is keen to his beloved vaping shop pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

The business offers a range of e-cigarettes and accessories including:
Vape kits
Tanks
Vape pens
Coils
Shots
Accessories

Additionally, the business offers a great range of e-juices along with a range of batteries.

The business prides itself on having probably the best stocked vaping shop in the area with the widest range of products and no replicas, only genuine items.

The sale will include the company website, Facebook page and Instagram.

Scope to Improve

Advertising and marketing campaign
Maximise the use of social media
Extend the opening hours
Website, ideally with an e commerce facility
Introduce a customer loyalty card/ scheme
Offer discounts to NHS employees and uniformed staff
Explore online voucher discounters such as Groupon and Wowcher.

Reasons to Buy

A well-established business with an enviable reputation
Real opportunity to increase turnover significantly, business is currently being run at a pace suit
Low running costs with inexpensive rent and no business rates
Current owner happy to offer a handover to ensure the continued success
All fixtures and fittings included making this a real Turnkey business opportunity
Ideal owner managed or partnership.

Location
The business is located in County Durham.

The business is nicely presented and maintained with clear visible signage and distinctive livery.

There is free parking in the roads and streets surrounding the premises.

Premises
The business occupies generous premises ideally suited to the trade with bespoke shelving and displays to the perimeter of the shop and long bespoke counter with generous wrapping area.

To the first floor is generous stock rooms with perimeter shelving and floor storage space.

Tenure
We are advised the business is being sold on a Leasehold basis with 2 years remaining on the Lease, the rent is £625 per month.

Hours
The business trading hours are as followed:
Monday to Saturday - 09:00am - 18:00pm

Sunday - 10:00am - 18:00pm

Staff
The business is ran and managed by our client and his partner.

Financial Profile
We are advised the business generated a turnover of circa £106,000 as of 2021.

Please quote reference B06352

Property Information

Property:

Leasehold

Contact Hilton Smythe

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