Retail for sale: well established vape shop in Muswell Hill, North London
This retail for sale trades well-established vape shop in Muswell Hill Broadway, North London
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 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.
The shop has very little competition, being the only vape shop in the area.
There is also a possibility to change the use within the 1 license. a new operator can use the unit for a coffee shop, retails clothing or pure mobile repairing.
We are advised the business is being sold as a Leasehold opportunity.
Remaining lease length: 14 years
Rent: £24,000 per annum
This well-heeled north London neighbourhood is a family and young professionals hotspot, with fine, good-size Edwardian houses, state schools, a busy shopping centre with a wide choice of fancy, arty cafés, plus restaurants and smart pubs for media types, and plenty of green spaces for walking the dog.