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Retail premises for sale

£30,000

10 A Market Place, Hexham NE46

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Property description

Business
Hilton Smythe are delighted to welcome to the market a fantastic opportunity to purchase First Floor Vaporium. The business specialises in the sale of electronic cigarettes, e-Liquids, Tanks and all associated products and accessories.

The business has built a successful reputation over the years it has been established and has gained a lot of healthy reviews with a 4.7 star rating on google and a 5 star rating with other social media platforms.

The business also offers extra selling points within its day to day trading such as free delivery, price matching, A social media page on Facebook: , an Instagram page: /first-floor-vaporium/ and a fresh and easy to use website for online orders:

The business also benefits from a steady trade all year round and helping individuals to give up smoking, The only reason for the sale is to fully commit to another business venture.

There is also scope to improve the business with revised opening hours to include late night opening and opening on a Sunday, also expanding the business into other areas within the UK.

Location
First Floor Vaporium is located within the busy market town of Hexham in Northumberland.

Located in prime position in the busy town centre, amongst a variety of different outlets.

Within the area there are fish and chips shops, wine bars, coffee shops, banks, cafes and many more. This is a bustling town centre that receives plenty of footfall.

Hexham is a town south of the River Tyne with Newcastle upon Tyne being 25 miles to the east, the town had a population of 11,289 and proudly holds the title of England’s favourite market town.

Premises
The business is placed on the first floor just above Geoff Stevens & Son Opticians just off the market place.

It consists of 5 rooms 1 being the actual Vape shop and 1 being used as storage. The rest are currently empty and could be used for many uses.

The business also has planning permission to change into a cafe or restaurant which would suit many people looking to establish a food industry business on the first floor too.
We are made aware that there is a light well also on the first floor.

Equipment-

52” tv.
32” tv.
Mac Mini.
Surround sound system.
Sharp Till.
Card Machine.
Glass shelfing units

Tenure
We are advised the business is being sold as a leasehold business opportunity.

Original lease length: 5 years
Remaining lease length: 4 years remaining
Review period: Every 6 month
Rent: £4,000 per annum

Hilton Smythe are advised the business is currently exempt from paying business rates.

Hours
The business operates the following hours:

Monday: 10.30am – 5.00pm
Tuesday: 10.30am – 5.00pm
Wednesday: 10.30am – 5.00pm
Thursday: 10.30am – 5.00pm
Friday: 10.30am – 5.00pm
Saturday: 11.00am – 4.00pm
Sunday: Closed

We can see scope to improve opening hours by opening earlier and staying later and opening on Sundays.

Staff
The business is run by the current owner with the help of 1 part time member of staff.

Financial Profile
The business has reported a turnover in the region of £90,000 per annum with a net profit of £25,000 per annum.

What Zoopla users think of Hexham

Overall rating:

  • currently 4 stars
Very good - 82% (50 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 4.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Hexham:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Hexham (0.3 miles)
  • Corbridge (3.3 miles)
  • Riding Mill (5.4 miles)
  • Newcastle Airport (16.8 miles)
  • Durham Tees Valley Airport (41.7 miles)
  • Leeds Bradford International Airport (78.5 miles)
  • Tower Knowe Ferry Landing (20.5 miles)
  • Belvedere Ferry Landing (21.8 miles)
  • Leaplish Ferry Landing (22.6 miles)

Nearby schools

View all schools in Northumberland
  • St Mary's Roman Catholic Voluntary Aided First School (0.2 miles)
  • The Sele First School (0.2 miles)
  • Hexham First School (0.6 miles)
  • Queen Elizabeth High School (0.7 miles)
  • Prudhoe Community High School (10.0 miles)
  • Ponteland Community High School (15.0 miles)
  • Hexham Middle School (0.2 miles)
  • Hexham Priory School (0.6 miles)
  • St Joseph's Roman Catholic Voluntary Aided Middle School (0.7 miles)
Note: Distances are straight line measurements

Local info for Northumberland

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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