Retail premises for sale in Linthorpe Road, Middlesbrough TS5

Retail premises for sale
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Property description

Please quote reference B06006

Hilton Smythe is delighted to welcome to the market Mirage, a popular vape shop located in the heart of Linthorpe.

The business was established over 4 years ago, with the current owner taking over a year ago, only now does the business come to the market as our client is looking to move onto another venture.

The business is currently generating an advised turnover of £50,000 with plenty of scope to increase such as pushing advertising and extending opening hours.

Mirage stocks a large range of products, this includes some well-known brands and their own range. The google reviews are 5 star with customers stating, ‘Flavours are amazing, the owners are very nice people, they help quite a bit’ and ‘Prices are reasonable, and products are genuine and good quality. Highly recommend.’

Our client is offering a hand over period to ensure the continued success of the business.

Reasons to buy;

  • Excellent reputation

  • Well established

  • Scope to increase revenue

  • Low overheads

This is an excellent opportunity for anybody looking to get into the trade. Early viewings come highly advised and are by appointment only.

Mirage is located in Middlesbrough, North Yorkshire.

The business is situated on an arterial road through the Linthorpe village area of Middlesbrough. This is a popular location in the town due to the high amount of retail stores. On this road, there is a convenience store, bakery, pub, florist, hair salon, pharmacy, Co-op and much more. Directly outside the premise are parking bays for custom. To the side of the row of shops is further free on street parking.

The road on which the business is located runs directly from Middlesbrough to the A174. Middlesbrough centre is just a short 10 minute walk away making this a great location for heavy footfall. This area also benefits from public transport. There is a bus stop directly outside the business and a train station close by.

The premises are immaculately presented inside and out, with excellent eye-catching signage.

Upon entrance is the service area with perimeter display stands, counter and customer seating area.

To the rear of the service area is a storage room.

We are advised that the business is being sold as leasehold opportunity, with 1.5 years remaining on the current lease. The rent is £790 per month.

The business hours are;

Monday- 9:00am – 5:30pm
Tuesday - 9:00am – 5:30pm
Wednesday- 9:00am – 5:30pm
Thursday- 9:00am – 5:30pm
Friday- 9:00am – 5:30pm
Saturday- 9:00am – 5:30pm
Sunday- Closed

We are advised that the business is owner ran and managed, with the help of 1 part time member of staff.

Financial Profile
We are advised that the business is generating a turnover in the region of £50,000, with an adjusted net profit in the region of £25,000. Full financials can be made available upon further request.

Please quote reference B06006

Arrange Viewing

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

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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