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Profitable Vape Shop in Leicester City Centre Experiencing Heavy Footfall For Sale

Leicester, Leicestershire
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Growing Vape Shop for Sale in Leicester City Centre Photo 1
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Growing Vape Shop for Sale in Leicester City CentreGrowing Vape Shop for Sale in Leicester City CentreGrowing Vape Shop for Sale in Leicester City Centre
  • Status

    FOR SALE

  • Date Submitted:

    11/06/24

  • Advert ID

    612665

  • Leasehold: £55,000
  • Rent: £10,000
  • Turnover: £100,000 (£1,923 Per week)
  • Net Profit: On request

Key Features

  • Fully Fitted
  • Potential for Alternative Use
  • Small Business
  • Company for Sale
  • Town Centre location
  • Prime Location
  • Accounts Available
  • With Car Park

Business Details

Growing Vape Shop for Sale in Leicester City Centre

This is a newly set up vape shop in Leicester City Centre that has produced profit in less than 4 months.

The shop is located on Northampton Street, which comes off Leicester’s busiest street, Granby Street.

The shop experiences a heavy footfall, as well as flowing traffic. In front of the shop is loading bay, which customers can use for quick grab, and drive.

The shop has an area of 60 m2 and is currently only operating as a vape shop. It has the potential to not only earn from its vaping customer base, but also branch into another area of retail, e.g. Alcohol (High potential due to late-hour foot traffic, current owner cannot sell due to religious reasons), Coffee, Convenience, Fresh Juice, or it can simply add in the space of smoking, in Shisha and tobacco based products.

The owner lives in Derby, and due to the travel time for owner, and personal circumstances, the owner is allowing another aspiring business owner to take over and continue the growth of the business.

The shop has regular customer base, and strategy to grow. The owner would be delighted to work with new owners during handover, as well as in further growing the business.

The business also has set up Just Eat for the shop, which produces steady income.

The property is on leasehold of 5 years (Nov 2028), with the option to break the lease in Nov 2025, subject to notice. The new owner can extend term upon completion of current lease.

The rent is currently £833 per month.

Electric is minimal as only lighting is used at the property.

Come and see the business. The owner is not fixed on one number fits all, and is very reasonable and happy to work out a deal that works best for you.

For transparency pricing of business will be very simple, the owner will ask for : Wholesale valuation of stock fittings small business value (Owner is happy to negotiate on that).

The owner will share all details of business, including sale, sale growth, customer base, suppliers, strategy, and anything the new owner would like to know. If the new owner doesn’t want a particular stock, the current owner is happy to take that away from the shop, and subtract the stock value from asking price.

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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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