Total of 18719 firms and businesses for sale today Wednesday 30th September 2020
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Finance And Services:

Business For Sale. Well Established & Profitable E-cigarette/vaporizer Business

LISTING DETAILS
Firms For Sale ID:
35089
Vendor reference:
EB064
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£600,000  
Turnover / revenue:
£1,200,000
Net profit / cashflow:
Undisclosed
Years established:
7
Trading hours:
Monday – Sunday with various opening times depending on the outlet ranging from 8 to 8 or 10 to 4.
Number of employees:
12
Employees / staffing:
The business has 12 staff – 2 in the warehouse dealing with the website and handling orders and 10 retail staff.

OTHER DETAILS
Support and training:
The current owner would be happy to provide full support at handover and may be prepared to stay on for a further period should a new owner so require subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from one warehouse and 5 rental premises. There is flexibility on these lease terms and opportunities to expand further outlets.
 
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BUSINESS DESCRIPTION
Well Established & Profitable E-Cigarette/Vaporizer Business
Ref. EB064
Location : East of England
Asking Price : £600,000 (plus NAV)
Turner Butler has been appointed to invite offers of purchase for this established and highly profitable specialist vaping business that has an excellent customer base and established retail and website presence.
This business was set up by the owner 7 years ago Having worked with a number of global manufacturers and carrying out extensive international due diligence, the owner established a business to provide the best vaporisers and the finest naturally derived flavours in the market as well as a range of accessories and support.
The business has grown predominantly through word of mouth and repeat business. All the staff are experienced advisers in the vaping industry and have a wide breath of knowledge on specialist products.

Expansion Potential
Key growth areas are expanding the retail shops where there is outside parking
Expansion of retail ‘pods’ in shopping centres where footfall is high.
Expanding the advice and chat forums on the current website to drive more traffic to the online and retail shops

This is an ideal opportunity for a specialist bolt on to an existing vaping business or as a stand alone investment.

Market / Competition / Non-Competition Agreements
The business has historically relied on repeat business and a large percentage of turnover is from existing clients. The owner has invested funds into a dedicated website which consistently produces between £2,000 and £2,500 sales per month.
Given the nature of the product there are strict regulations and restrictions on certain forms of advertising.

Further marketing efforts could be developed with online tutorials, blogs and vaping forums.