£249,999
Retail premises for saleSmethwick, England, United Kingdom B66
Business
About this property
Business
Please quote reference B09363
Cogogo is delighted to bring to the market a well-established vaporiser and vape retail business operating under the Magix Technology brand. The business specialises in vaporisers and related products, serving a loyal and repeat customer base both in-store and online via its dedicated website.
Since being acquired by the current owner in early 2024, the business has continued to trade strongly, benefiting from consistent demand within the fast-growing vape and alternative smoking accessories sector. The operation is well-positioned for an owner-operator or an investor seeking a profitable retail opportunity.
The sale is prompted purely by the owner’s decision to permanently relocate overseas, creating an excellent opportunity for a new buyer to take over a proven, revenue-generating concern.
Early viewing is highly recommended.
Location
The business operates from a leasehold retail unit, positioned to benefit from passing trade and established local demand. Further location details are available upon request.
Premises
The premises are well-presented and suitably fitted for vaporiser retail, providing an efficient and customer-friendly layout. The unit supports both retail sales and stock storage, allowing smooth day-to-day operations.
Tenure
Leasehold. We are advised that the rent is £8,340 per annum. Further lease details are available from Cogogo upon enquiry.
Hours
Trading hours are set by the owner and offer flexibility for a new operator.
Staff
The business is currently run by the owner, with support as required.
Financial Profile
We are advised that the business generates an annual turnover of approximately £500,000, with a reported net profit in the region of £50,000. Stock is valued at circa £6,000 and is included within the sale.
Please quote reference B09363
Cogogo is delighted to bring to the market a well-established vaporiser and vape retail business operating under the Magix Technology brand. The business specialises in vaporisers and related products, serving a loyal and repeat customer base both in-store and online via its dedicated website.
Since being acquired by the current owner in early 2024, the business has continued to trade strongly, benefiting from consistent demand within the fast-growing vape and alternative smoking accessories sector. The operation is well-positioned for an owner-operator or an investor seeking a profitable retail opportunity.
The sale is prompted purely by the owner’s decision to permanently relocate overseas, creating an excellent opportunity for a new buyer to take over a proven, revenue-generating concern.
Early viewing is highly recommended.
Location
The business operates from a leasehold retail unit, positioned to benefit from passing trade and established local demand. Further location details are available upon request.
Premises
The premises are well-presented and suitably fitted for vaporiser retail, providing an efficient and customer-friendly layout. The unit supports both retail sales and stock storage, allowing smooth day-to-day operations.
Tenure
Leasehold. We are advised that the rent is £8,340 per annum. Further lease details are available from Cogogo upon enquiry.
Hours
Trading hours are set by the owner and offer flexibility for a new operator.
Staff
The business is currently run by the owner, with support as required.
Financial Profile
We are advised that the business generates an annual turnover of approximately £500,000, with a reported net profit in the region of £50,000. Stock is valued at circa £6,000 and is included within the sale.
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