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Retail property (high street)

0121 721 6440

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Retail property (high street)

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Property description & features

Leasehold
Vape & Mobile Phone Accessories Kiosk
Established Business
Prime Location

Leasehold Vape & Mobile Phone Accessories Kiosk Located In Coventry
Situated In Arena Shopping Park
Ref 2868

Location
This established Vape & Mobile Phone Accessories Kiosk is located directly outside Tesco Extra Supermarket within Arena Retail Park in Coventry. The centre is home to a varied cross section of national retailers to include Card Factory, Claire's, CEX, O2, Shoe zone, TUI, Greggs, Coventry Building Society, Subway and Nando's to name but a few. The Park is a fantastic place to shop and is located next to the Ricoh Arena Stadium. The site offers good parking and easy access to the A444, junction 3 of the M6 and just 5 minutes from Coventry City Centre.

Asking Price: £39,950 plus Sav (£5,000)

Business Description
Veritas Business sales are delighted to offer for sale this outstanding Vape & Mobile Phone Accessories Kiosk which is located in Coventry. The business was established by the current owner 20 years ago and is now being offered for sale due to other business commitments requiring his attention.
Since ownership they have continually invested in new fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not have to be spent for some time. In2vape is overseen by the owner but operated daily by a team of 3 part time members of staff. Please note that the staff will not be transferring. For year ending 31st May 2022 they posted an annual turnover of £148,273 with a GP of £51,379 (34.65%). They retail vapes, liquids, and juices which equates to approximately 60% of the turnover. The remaining 40% derives from mobile phone accessories and handsets. They have a website for online orders which will be included within the sale price along with social media sites.
We believe that the business would thrive from having an owner operator at the helm rather than being heavily reliant on staff. There is potential to increase revenue by adding mobile phone repairs to the store. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade along with many new customers due to its prominent location. We consider this an ideal opportunity to purchase an established turnkey business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Saturday - 9:00am - 6:00pm
Sunday - 11:00am - 4:00pm

Leasehold
Monthly rolling lease
Rent: £1,606 plus vat per month

Ground Floor
Kiosk comprising: various glass display cabinets.

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Places of interest

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

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Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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Property reference 2868. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

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Broadband availability and predicted speed

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Mobile phone signal availability and predicted strength

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*Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.