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E-Cigarette/Vaping Business

Ref. EB063

Location : Northern Ireland

Asking Price : £150,000 Inc. stock

Turnover : £292,478

Net Profit : Undeclared

Gross Profit : £100,641

EBITDA : £42,618

Net Asset : £45,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Premises: Leasehold.

Asking price includes:

Gross Turnover circa £292,478 (2019)
Gross Profit circa £100,641 (2019)
Adjusted EBITDA before drawings £42,618 (2019)
Net Assets circa £45,000
Excellent location close to shopping mall and major supermarket
Fixtures and fittings
Regular and reliable returning customers
Significant Goodwill

Introduction:

Turner Butler has been appointed to invite offers of purchase for the issued capital of this profitable E-cigarette and vaping business.

Business Profile

Started as a part-time, home run business in 2010, the vendor opened a full-time high street shop in 2015. The business sells e-cigarettes, refills etc. and carries a wide range of stock whilst also regularly introducing new products to meet customer’s needs. The business is renowned for fantastic customer service (as reflected in their Google and Facebook reviews) and so enjoys a high level of repeat business.

Equipment:

Fixtures, fittings, shelving, counter/till etc.

Key strengths:

Wide range of products
Responsive to customer’s needs (introducing new products etc.)
Good customer service and after sales service (as reflected in Google + Facebook reviews)
Good staff

Key Opportunities:

Opportunity exists to develop platform for online sales
The introduction of more C.B.D. (cannabis based) products should also increase sales

Asking Price:

The asking price of £150,000 is for 100% of the issued capital of the company assuming a net asset value of £45,000. There will be a £ for £ to the final selling price to reflect any movement away from this NAV figure.

Advertising and Marketing:

Facebook (superb reviews)
Instagram
Google (superb reviews)

Growth and Expansion:

There is significant potential for growth and expansion by introducing online sales
There is also potential to introduce more C.B.D. (cannabis based) products in store
Potential to increase opening hours
Potential to open satellite shop/branch

Premises:

Leasehold
Water and electric
Staff toilets
Good location close to a shopping mall and only 100 yards from a major supermarket

Business Hours:

Monday – Saturday:

9.30am – 6.00pm

Sunday:

1.00pm – 5.00pm

Security:

Alarmed and shuttered premises

Employees:

Owner + 3 part-time sales staff who have been working for the business for between 2 and 4 years.
Staff member 1 – 30 hours per week
Staff member 2 – 25 hours per week
Staff member 3 – 8 hours per week

Support and Training:

The vendor would be happy to stay and provide training for an agreed handover period.

Reason for Sale:

Vendor wishes to change career

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk