Vape Shop for Sale in Birmingham West Midlands
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
643149
- Leasehold: £29,000 (Stock at valuation)
- Rent: £8,340 (£695 per month)
- Turnover: £78,000 (£1,500 per week)
- Profit: Not Applicable
Key Features
- Cost-effective rental agreements
- Attractive profit margins
- Established business location
- Excellent commercial location
Business Details
Vape Shop For Sale in Birmingham
An exceptional opportunity has arisen to acquire a well-established vape shop located in a prominent and high-visibility area. The shop boasts a modern and stylish fit-out, making it fully equipped for immediate trading. Thanks to an excellent online reputation supported by strong customer reviews, the business benefits from a loyal and expanding customer base. Ample parking is conveniently available right outside the shop, ensuring easy access for customers. This turnkey business in a prime location is perfect for both owner-operators and investors looking to enter the thriving vape market.
The shop features a well-stocked inventory that includes a diverse array of vapes, e-liquids, and essential accessories. Its modern design is enhanced by appealing display shelves and inviting lighting, creating an attractive shopping environment. Customers will appreciate the competitive pricing on popular vape products and related gadgets. Situated in an area with high foot traffic, the shop enjoys excellent visibility and accessibility, further contributing to its success. Additionally, it offers extra products such as phone accessories, gaming items, and snacks, broadening its appeal and revenue potential.
Key Business Details
This business has been established for just one year, during which it has seen substantial growth. The current owner also has a year of experience running the shop. The shop is strategically positioned in front of a pub and surrounded by various restaurants and commercial premises, making it an attractive destination for potential customers. Included in the sale price are all fixtures and fittings, making it a fully-operational venue with no additional setup required.
Reason for Sale
The owner is selling the business due to a relocation back to Italy. Currently, the shop employs one staff member and has a strong online presence, being notably well-established on Google Maps. This online visibility further enhances customer engagement and foot traffic.
Financial Overview
Located in Birmingham, West Midlands, the vape shop has a leasehold price of £29,000 and achieves a current turnover of £78,000. The annual rent for the premises is set at £8,340, ensuring cost-effective rental agreements with attractive profit margins in a well-established commercial location.
- Cost-effective rental agreements
- Attractive profit margins
- Established business location
- Excellent commercial location
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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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