The shop is trading a part of a well-established vaping and electronics company and our client is now looking to sell his shop to focus his effort in Central London.
The shop operates in this fronted unit which benefits from nearby on road parking. This outlet is located right in the heart of Muswell Broadway, next to main flagship store such a Cote Brasserie, NatWest, Carluccio’s, Costa Coffee, Boots and several hotels and restaurants. Muswell Hill Broadway is an incredibly busy area as one would expect. The shop is fitted to a high standard with a sales counters and an open plan display area with small individual displays. The main displays are under glass-topped units with stock behind the counter. The overall feel to the shop is one of style and modern allure which adds an additional perceived value to the products on sale. To support the sale area is a stock room at each location.
The shop is run by 4 full-time members of the staff.
Financially, the business is trading solidly and delivers strong gross profits at 66%, there is a healthy net profit. The business is gaining momentum and is showing a healthy growth in turnover. The business benefits from regular and repeat custom. A new owner could certainly take a more hands-on approach to add an extra dimension to the business and push it forward on to the next level.
Early viewings are advised as a speedy completion is anticipated for these two locations trading strongly in this fresh and exciting market place.
Display Sales Counter
The shop is also selling electronic goods and repair services.
If vaping or electronics is not your industry, you might be willing to consider to convert this shop into another business. The shop is suitable for a change of use and be transformed into a hairdresser, healthy products shop, beauty clinic, fashion shops and cafes.
The shop has very little competition, being the only vape shop in the area.
This is a wonderful business in a beautiful position, a real lifestyle business with high levels of repeat trade. Marylebone Properties International highly advise early viewings to take in full potential of the trade.
We are advised the business is being sold as a Leasehold opportunity.
Remaining lease length: 14 years
Rent: £24,000 per annum