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Business for Sale
kelvinbridge,glasgow
£19,950.00
Nov 7, 2024
Description

This excellent opportunity to acquire a profitable well established vape shop in the densely populated Maryhill area of Glasgow.

The business sells a wide range of vaping products with its own brand products accounting for 20-30% of sales.

This beautifully presented shop has high levels of repeat local custom and no nearby competition.

Business and leasehold interest for sale at offers over £19,950 (stock included).

Further Details:

This is an excellent opportunity to acquire a profitable well established vape shop in the busy Maryhill area of Glasgow.

The business has a superb loyal repeat customer base and excellent passing trade.

Its combination of specially sourced “Own Brand” products together with a wide range of popular 3rd party brands give this shop high margins and an advantage over other vape shops.

Financial information:

With annual sales of around £110,000, excellent gross and net profit margins this is profitable shop which with its very low overheads make it an ideal business for an owner manager with very limited part-time staff.

Further financial information can be made available to serious interest parties after viewing.

Staff:

Owner with one part-time employee.

Opening hours:

10am – 6pm 7 days. (Sunday closes at 5pm).

Premises:

The premises are a bright highly visible 25m2 unit opposite the Lidl supermarket on Maryhill Road. This is a densely populated area which with Lidl and the surrounding parade of shops make this a high footfall location which is good for business.

The shop is fitted to a high modern standard with full CCTV and a roller shutter. Ample on street parking nearby.

Tenure:

Leasehold. The rent is £550 per month. The current lease runs until 2030 with a break option in 2025.

Rateable value only £3,100 so no rates are payable.

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