Busy Popular Vape Shop, Maryhill, Glasgow Ref 2760

Leasehold £49,000

This is an 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 £49,000 plus stock at valuation.

Type of business
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.
Opening hours
10am - 6pm 7 days. (Sunday closes at 5pm).
Staff
Owner with one part-time employee.
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.
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.
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. Stock at cost between £15,000 - £20,000. Further financial information can be made available to serious interest parties after viewing.