Old Established Vape Shop in Northamptonshire For Sale

Situated in a Parade, excellent trading position, residential and commercial area, Northamptonshire.

Turnover £ 12,000
Price £150,000

Features

Vape Shop, Established 2015, with Coils, Pod and E Liquids, Soft Drinks (including Energy Drinks), Batteries, Chargers and Wellness Products Including Cbd Products and Accessories


DOUBLE FRONTED PREMISES, in the region of 425 ft², WITH ELECTRIC SHUTTERS, CCTV (5 cameras), carpet flooring, suspended ceiling with LED lighting.

Touchscreen (EPOS cash register), 5 glass display cabinets, POS uplighted units, 2 fridges for drinks, shelving, etc.

Store room.

Staff cloakroom with toilet and wash hand basin



Stairs to FIRST FLOOR, currently used as storage, laminate flooring.

Total area in the region of 750 ft² comprising;

Large office.

Kitchenette / Store room with cupboard, sink, fridge, microwave, kettle.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. We are advised the turnover for year ending 31 August 2024 showed sales of £439,635 with a Gross Profit of £132,268 (30%)

Staff

The business is at present operated by the vendor with family assistance as required.

Trading Hours

7 Day week
MONDAY - FRIDAY 9 a.m. - 7 p.m.
SATURDAY 9 a.m. - 6 p.m.
SUNDAY 10 a.m. - 4 p.m.

Tenure

The vendor is presently trading over. We are advised the landlord is prepared to grant, to an approved applicant, a new 5 years lease with no reviews at a rent of £22,500 p.a..

Uniform Business Rates: Nil payable after small business relief

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£100,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote