FOR SALE
657957
Established in 2013, this thriving vape shop has built a strong customer base and a solid reputation in the market. By the following year, it was generating impressive weekly sales of £6,000. However, in 2022, the owner's focus shifted to a new business venture, resulting in the shop being managed by staff since then. This presents a unique opportunity for a new buyer who is willing to invest time and care into the shop, which holds significant potential for further growth.
The shop is centrally located in Gainsborough, making it easily accessible to customers. Its prime location is further enhanced by nearby amenities, including popular establishments such as Wetherspoons, Argos, and Sports Direct, as well as the bustling town centre. Despite the presence of two competing vape shops in the area, there remains ample room for a dedicated owner to capture a larger market share.
This established vape shop boasts a comprehensive range of products, including e-cigarettes, e-liquids, spare parts, and accessories, ensuring that it caters to the diverse needs of its clientele. The vibrant atmosphere is enhanced through seasonal decorations and engaging promotions, creating a welcoming shopping experience. While the current owner has limited time to manage the shop due to other business commitments, the existing staff is capable and ready to continue operations smoothly.
Key Features
The business comes with several valuable assets, including the counter, heater, coffee machine, shelves, iPad, barcode scanner, and essential tools, stock at wholesale price of £8,500, all of which are included in the sale price. Additionally, the annual rent is set at £6,500, making this a financially attractive leasehold opportunity. The current turnover stands at £49,736, and all stock is included in the asking price, presenting a turnkey solution for prospective buyers.
Although the shop currently lacks an online presence, the new owner will benefit from the opportunity to expand into the digital marketplace. Furthermore, the current owner is willing to provide training to ensure a seamless transition for the new owners.
In summary, this vape shop for sale in Gainsborough, Lincolnshire, represents an exciting opportunity for an enthusiastic buyer. With its established reputation, comprehensive product range, and prime location, this business has the potential to grow significantly under new management.
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.
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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
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