For Sale

Newly Opened Vaping Shop

Nuneaton, Warwickshire

£7,995 +SAV

Ref: B05066

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe welcomes to the market, Vaperz Village.

Vaperz Village was founded in November of 2018 and considerable money was spent by the owner ensuring that this is one of the nicest types of this business in the area.

The business is now being sold, albeit reluctantly and with a heavy heart only due to poor health.

 Although established for a relatively short time the business is accruing more customers each week as its reputation spreads and turnover is increasing week on week.

The owner is keen to see this fledgling business which has enormous potential pass to an ambitious and entrepreneurial new owner who can take it to the next level.

Vaperz Village offers a range of e-cigarettes and accessories including:

  • Vape kits
  • Vape mods
  • Vape pens
  • Sqonkers
  • All-in-one
Additionally, the business offers a great range of e-juices along with a range of batteries.

The business has recently signed up as an agent for UPS parcels and thus should prove to be an additional income stream.

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.
Reasons to Buy

  • 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.

Would suit someone looking for their first foray into self-employment

Tenure

Leasehold

We are advised that Vaperz Village is being sold as a Leasehold business opportunity.

 A new lease will be agreed with the purchaser and a rent of £5100 per annum which is really reasonable given the size and location of the premises.

We are advised that the business benefits from being exempt from business rates


Hours

Monday to Saturday 11am-6pm

Sundays Closed


Staff

The owner manages the business by employing a full time manager, this business should ideally be owner run and managed


Financial Profile

Vaperz Village advises a current turnover of approximately £15,000 but it needs to be appreciated that it is a new business and turnover is increasing as it becomes more established.

 

Location

Vaperz Village is located in Nuneaton

Nuneaton is a town in Northern Warwickshire. The population in 2011 was 86,552 making it the largest town in Warwickshire. The Nuneaton built-up area, incorporating Nuneaton and the surrounding urban settlements, including the large villages of Hartshill and Bulkington, had a population of 92,968 at the 2011 census.

Nuneaton is 9 miles North of Coventry, 20 miles East of Birmingham and 103 miles Northwest of London. The River Anker runs through the town.

Towns close to Nuneaton include Bedworth, Atherstone and Hinckley, with Tamworth and Lutterworth a little further afield. The town centre lies 3 miles from the Leicestershire border, 8 miles from Staffordshire and 12 miles from Derbyshire.

The town is near the M6, the M42 and M69 motorways and the main A5 trunk road which also acts as a border with Leicestershire and the neighbouring town of Hinckley. The A444 provides a high speed dual carriageway route into the town from the South and also acts as the often busy town centre ring road. The A47 links the town with neighbouring Hinckley and onwards to Leicester, and the A4254- Eastern Relief Road- provides direct access from the East of Nuneaton to the South, avoiding the town centre.

The main operators for buses in Nuneaton are Stagecoach in Warwickshire and Travel De Courcey.

Vaperz Village is ideally positioned in a small but unusually busy and vibrant shopping parade alongside other complimentary retail businesses. The business is beautifully presented and maintained with clear visible signage and distinctive livery. There is a free car park just across the road as well as free on street parking in the roads surrounding the business.

Premises

The business occupies an inner terraced, ground floor retail unit and have been fully refurbished by the current owner at some cost and briefly comprises;

Windows and glazed door to front creating a light airy and inviting interior, new vinyl flooring, freestanding glass display cabinet, long bespoke counter with tongue and groove panelling to front and varnished wooden work tops, impressive large section of shelving enabling the products to be displayed, wall mounted TV and expensive EPOS till.

To rear of the shop is a vaping lounge for customers with breakfast bars to the opposing wall and comfy seating stools

Storeroom/ Kitchen

Generous room, wood effect flooring, fluorescent lighting, range of base units with complimentary worktop stainless steel with Triton water heater.

WC

With close coupled toilet and hand wash basin

 

 

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