Featured Brokers
CONFIDENTIAL SALE
FOR SALE
02/10/23
600588
2760A / Rightbiz
The Business Sales Agency are delighted to bring to the market this excellent opportunity to acquire a profitable well established vape shop in the densely populated Maryhill area of Glasgow.
The business sells a wide range of vaping products with its own brand products accounting for 20-30% of sales.
This beautifully presented shop has high levels of repeat local custom and no nearby competition.
Business and leasehold interest for sale at offers over £29,995 plus stock at valuation.
Further Details:
This is an excellent opportunity to acquire a profitable well established Vape shop in the busy Maryhill area of Glasgow.
The business has a superb loyal repeat customer base and excellent passing trade.
Its combination of specially sourced “Own Brand” products together with a wide range of popular 3rd party brands give this shop high margins and an advantage over other Vape shops.
Financial information:
With annual sales of around £110,000, excellent gross and net profit margins this is profitable shop which with its very low overheads make it an ideal business for an owner manager with very limited part-time staff.
Stock at cost between £10,000 – £13,000.
Further financial information can be made available to serious interest parties after viewing.
Staff:
Owner with one part-time employee.
Opening hours:
10am – 6pm 7 days. (Sunday closes at 5pm).
Premises:
The premises are a bright highly visible 25m2 unit opposite the Lidl supermarket on Maryhill Road. This is a densely populated area which with Lidl and the surrounding parade of shops make this a high footfall location which is good for business.
The shop is fitted to a high modern standard with full CCTV and a roller shutter. Ample on street parking nearby.
Tenure:
Leasehold. The rent is £550 per month. The current lease runs until 2030 with a break option in 2025.
Rateable value only £3,100 so no rates are payable.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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