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Trading since 2015, the Company is a well-established retail business comprising two electronic cigarette shops (vape shops) enjoying a commanding presence in the South West.
Both are in excellent town centre locations and operated under the ethos of delivering first-rate customer service. This customer centric focus has seen the Company realise a loyal consumer base which continues to grow.
One of the owners has daily oversight of the business and has created a loyal, motivated and well-trained team who are led by dedicated and trustworthy shop managers.
Due to the environment created in the business, staff turnover is low and both shop managers have been in their positions since the respective premises opened.
The day-today operation of the companies stores including stock order management, is delivered by the shop managers.
- Well-presented and appointed shop premises
- Full tester stations in both locations
- Well established and recognised brand
- Comprehensive social media presence
- Loyalty card scheme with over 2,000 members
- Subscribed email database with open rate of circa 35%
- Positive and well-established relationships with many large UK suppliers
- Turnover circa £520,000
Although we have not formally reviewed the lease we are informed of the following:
The combined monthly rental is circa £1,800 / month
Store 1 has circa 1 year remaining of a 5 year lease
Store 2 has circa 4 years remaining of a 5 year lease
Both of the shops are located within market towns within the South West of England.
Both stores have been fitted out with high quality fixtures & fittings with glass displays for customers to peruse the array of E-cigarettes ranging from entry level through to luxury & high-power units. One of the stores enjoys a corner location in a prime location that enjoys high foot traffic.
Although there are other vaping shops within the respective towns, the brand recognition of our clients business has meant they have enjoyed longevity where others have come and gone.
Owners are ready to commence their next business venture.
If required, our client will provide a hand over to the new owners, thereby ensuring a smooth transition of ownership and continuity of trading.
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