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Fri, Feb 28 2020 10:17:24 AM  |  /

E-Cigarette/Vaping Business

Business Id:000385     |    Reference: EB063
Leasehold Price:
£150,000.00
Business Description

E-Cigarette/Vaping Business
Ref. EB063
Location : Northern Ireland
Asking Price : £150,000 Inc. stock
Turner Butler has been appointed to invite offers of purchase for the issued capital of this profitable E-cigarette and vaping business.
Started as a part-time, home run business in 2010, the vendor opened a full-time high street shop in 2015. The business sells e-cigarettes, refills etc. and carries a wide range of stock whilst also regularly introducing new products to meet customer’s needs. The business is renowned for fantastic customer service (as reflected in their Google and Facebook reviews) and so enjoys a high level of repeat business.

 
Business Information
Turnover:£292,478.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Newsagents, Off Licences
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
Last Enquiry Made:
Business Profile
Equipment: Fixtures, fittings, shelving, counter/till etc.
Key strengths: Wide range of products Responsive to customer’s needs (introducing new products etc.) Good customer service and after sales service (as reflected in Google + Facebook reviews) Good staff
Key Opportunities: Opportunity exists to develop platform for online sales The introduction of more C.B.D. (cannabis based) products should also increase sales
Financial performance:
Asking Price: The asking price of £150,000 is for 100% of the issued capital of the company assuming a net asset value of £45,000. There will be a £ for £ to the final selling price to reflect any movement away from this NAV figure.
Advertising and Marketing: Facebook (superb reviews) Instagram Google (superb reviews)
Growth and Expansion: There is significant potential for growth and expansion by introducing online sales There is also potential to introduce more C.B.D. (cannabis based) products in store Potential to increase opening hours Potential to open satellite shop/branch
Premises:
Business Hours: Monday – Saturday: 9.30am – 6.00pm Sunday: 1.00pm – 5.00pm
Employees: Owner + 3 part-time sales staff who have been working for the business for between 2 and 4 years. Staff member 1 – 30 hours per week Staff member 2 – 25 hours per week Staff member 3 – 8 hours per week
Support and Training: The vendor would be happy to stay and provide training for an agreed handover period.

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