Cafe & Vape Store Town Centre Location Premium Advert

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Status
FOR SALE
Advert ID
196537
Reference
13869 J / RightBiz

Details

BUSINESS
Hilton Smythe are delighted to offer to the market the Newhaven Vape Lounge which has been developed and run by our client since 2016 and only offered to the market due to our clients wish to spend more time with their family and other businesses.

The unique brand idea combines the increasingly popular demand for vaping and the need of new retail shops with a relaxed cafe concept.

Currently turnover is split 50% vape and 50% cafe sales. Our client knows investing in the stock of vaping products including a new vaping tasting table could easily double current sales levels.

Our client currently uses 3-4 vaping suppliers with mark up on certain products of over 400%! Our client has carried out several vaping nights when new customers can engage with existing customers trying new products and relaxing with other vaping uses in an environment that allows free vaping.

Cafe menu includes freshly made smoothies, waffles, choc bar milkshakes, special deluxe milkshakes, hot coffees and teas, premium hot chocolates and the famous waffle challenge has still not been beaten!

Clients Facebook and Instagram pages have over 800 likes.

The business also includes 3 x shish smoking units which cure toy are delighted not been utilities; however, the very large rear car parking area could be developed into a smoking terrace allowing free smoking using the shish.


LOCATION
Newhaven Vape Lounge is located on the high street in the heart of Newhaven town centre. Newhaven is an East Sussex port town miles 9 east of Brighton.

The A259 connects Seaford in the east to Brighton in the west. Newhaven is a famous harbour with ferries running hourly to France. There are 2 large carparks either side of the business and the main bus station is also directly across the road from the shop, number 12 links commuters and tourists from Brighton and faces towns library.

The area is receiving a £43 million investment programme which will include a new port, 3,000 new homes and a new wind farm. It is now impossible to find a vacant unit on the high street.

PREMISES
Cafe seating area –
10 x white leather sofas
10 x white leather stools
4 x dark wood tables
2 x lower tables
1 x 72-inch tv
1 x 42-inch tv
Glass vape cabinet
3 x shish smoking units

Customer toilet.

To the right of the unit includes the original Victorian mirror and shelving units once installed when the shop was known as a ladies clothing boutique

Service counter -
Glass fronted ice cream freezer
Glass fronted double fridge
Two arm semi auto coffee machine and grinder
Dishwasher
Pro blend touch 950 blender
Stainless steel preparation sinks
Buffalo waffle maker
2 x under counter commercial freezers
Glass under counter fridge
Storage shelving

TENURE
The business is being sold as a Leasehold

10 year original lease.
9 years remains as of 2017.
Rent: £5,000 per year.

No business rates payable.

HOURS
Monday to Saturday: 9.30am - 6.30pm
Sunday: Closed

However, the shop is allowed to open till 10pm through the week and 11pm at the weekend.

There is also potential to add an alcohol licence.

STAFF
The business is run by our client with help from family.

FINANCIAL PROFILE
The business is generating an advised an annual turnover of circa £89,000.

Hours are sometimes cut due to family commitments which is effecting business growth.

EXTRA NOTES
Full handover offered
Only vape shop in town
Endless potential to grow
Listing Details
Leasehold Price: £36,995
Tenure: Leasehold
Sector: Cafes, Electrical Retailers, Tea Rooms
Financials
Annual Turnover: £50,000
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