Popular Vape Shop with Fantastic Growth Potential in Bolton

Bolton, Greater Manchester
REF: R07866

Asking Price:
£39,950
Annual Turnover:
£66,506
Annual Net Profit:
£18,930
Reduced
REF: R07866
Photo of Popular Vape Shop with Fantastic Growth Potential in Bolton
Photo of Popular Vape Shop with Fantastic Growth Potential in Bolton
Photo of Popular Vape Shop with Fantastic Growth Potential in Bolton
Photo of Popular Vape Shop with Fantastic Growth Potential in Bolton

Overview

Tenure:
Leasehold
Established:
2017
  • Excellent Reputation
  • Very Loyal Customer Base
  • Well Equipped Business
  • Recently Refurbished
  • Equipment Included
  • Low Overheads

New to the market is a vape shop in Bolton which supplies a wide range of vapes, liquids, and accessories.

Having operated for 4 years, Venture Vapes has developed a strong reputation in the surrounding area, quickly becoming a well-known brand. The business boasts numerous 5* reviews online, all of which commend its friendly, polite service which goes above and beyond to help customers find their ideal vaping product solutions. The immaculate presentation of the shop and its low overhead costs further add to the appeal of Venture Vapes.

This is a fantastic opportunity to take on an established vaping brand in an ideal location. The current financial figures are based on the owners operating the business on a part-time basis, therefore making this an acquisition with bundles of growth potential. The vendor is now only selling the shop due to their intense workloads elsewhere, and so they are now looking for a quick sale.

Located in an indoor market in the town of Westhoughton in Bolton, Venture Vapes benefits from having great visibility to the high levels of passing trade each day. The current owner is the landlord of the shop and the indoor market, making them easily accessible and on-hand to help with the new tenants.

The shop has a glass frontage and is finished to a very high and modern standard. To the left is a wide counter which stretches from the front to the back of the shop, featuring wooden shelves of products. Behind the counter is a wall entirely covered in more wooden shelves of vaping-related products. Opposite the counter on the right side of the shop is a glass display cabinet and further freestanding shelf units. The shop’s superb branding is further enhanced by its Facebook page. A full inventory of all equipment included in the sale price is available upon request. Unfortunately, a transitional period is not available, although the vendor is easily reached as the landlord.

The ideal buyer for this business is an existing operator in the vaping sector of the retail industry who wants to expand their activity by taking on a popular shop in a great location.

The current owner operators the business on a part-time basis and so the key method of achieving further growth of Venture Vapes is to increase its opening days and times to boost capacity. The shop is very popular in the area and the business has low overhead costs, which means the new owner can expect to quickly grow the business’s profit margins by expanding its trading hours. The new owner could also develop Venture Vapes further by curating and implementing an advertising campaign which seeks to increase further brand awareness amongst the surrounding community, building upon its strong reputation within its loyal customer base.

Location

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  • High Footfall
  • Close to Local Businesses
  • Nearby Car Parking

Property

Annual Rent
£4,992
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
This business does not require an EPC

Financial & More

Annual Turnover
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Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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