Reputable Vape Shop For Sale
Gateshead, Tyne and Wear
- Asking Price: £29,999 +SAV
We are advised the business generated a turnover of circa £106,000 as of 2021.
Please quote reference B06352
- Tenure: Leasehold
Please quote reference B06352
Hilton Smythe welcomes to the market, Mr Vapor.
The business was founded a few years ago when the founder identified a need in the area. The business has been run by the current owner since 2020. Under his ownership the business has thrived accruing an impressive number of regular customers along with a burgeoning reputation
The business is now being sold, albeit reluctantly and with a heavy heart only due to poor health. The vendor is keen to his beloved vaping shop pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Mr Vapor offers a range of e-cigarettes and accessories including:
- Vape kits
- Vape pens
The business prides itself on having probably the best stocked vaping shop in the area with the widest range of products and no replicas, only genuine items.
The sale will include the company website (mrvapor.co.uk), Facebook page and Instagram.
Scope to Improve
- Advertising and marketing campaign
- Maximise the use of social media
- Extend the opening hours
- Website, ideally with an e commerce facility
- Introduce a customer loyalty card/ scheme
- Offer discounts to NHS employees and uniformed staff
- Explore online voucher discounters such as Groupon and Wowcher.
- A well-established business with an enviable reputation
- Real opportunity to increase turnover significantly, business is currently being run at a pace suit
- Low running costs with inexpensive rent and no business rates
- Current owner happy to offer a handover to ensure the continued success
- All fixtures and fittings included making this a real Turnkey business opportunity
- Ideal owner managed or partnership.
The business is ran and managed by our client and his partner.
The business trading hours are as followed:
Monday to Saturday - 09:00am - 18:00pm
Sunday - 10:00am - 18:00pm
Mr Vapor is located in the Felling area of Gateshead.
Felling is an eastern suburb of Gateshead, Tyne and Wear, historically part of County Durham the town became part of Gateshead in 1974. It lies on the B1426 Sunderland Road and the A184 Felling bypass less than 1 mile east of Gateshead town centre, 1 mile south east of Newcastle Upon Tyne and 10 miles north west of the City of Sunderland. In 2011 Felling had a population of 8908.
Felling is a mainly residential area which is well served by public transport and there are several bus services through the area.
Felling town centre has recently benefitted from a £13.5 million regeneration project which has bought more people back into the town.
Mr Vapor is nicely presented and maintained with clear visible signage and distinctive livery.
There is free parking in the roads and streets surrounding the premises.
The business occupies generous premises ideally suited to the trade with bespoke shelving and displays to the perimeter of the shop and long bespoke counter with generous wrapping area.
To the first floor is generous stock rooms with perimeter shelving and floor storage space.
We are advised the business is being sold on a Leasehold basis with 2 years remaining on the Lease, the rent is £625 per month.