Well established wholesalers of smoking accessories and vapes shops for sale

Business
Please quote reference B07447

CoGoGo are delighted to welcome to the market Hubbly Bubbly Bazaar, a highly rated wholesaler of smoking accessories and vapes in Southampton. 

The businesses were first established by our client in 2012, starting on a trolley on the high street. Our client then opened 2 stores in 2018 and 2020, building up excellent reputations and regular client bases. As seen by the online ratings and reviews for both stores, they are extremely popular within the communities. 

Hubbly Bubbly Bazaar has now come to the open market due to our clients desire for a change of direction. 

The business stocks a massive range of smoking accessories including E-cigarettes, Vapes, Vaping liquids, grinders, water pipe, CBD products, Shisha, phone accessories, souvenirs, watches etc.

The business has a loyal customer base and a great reputation for pricing and customer care and service and the business enjoys great reviews online such as;

• “I love this place!!! Everyone here is super friendly and knows e a what you will need, the two girls that work each weekend always help me out. Sick shop I love it!”
• “So helpful and welcoming. I smoke a pipe and cigars and this place has everything. It is true that they have excellent prices. We look forward to a weekly visit. Vast and interesting stock”
• “Definitely my go-to shop. Great range of products. I have bought disposable e-cigarettes and very good vape liquids from them. Service is great, they are kind and helpful “

Key selling points – 

• A well established business with an enviable reputation and many existing and loyal customers
• Prime trading positions at both locations
• Current owner happy to offer a handover to ensure the continued success
• Ideal owner managed or partnership business
• Perfect Bolt On to an existing vaping business looking for a foothold in Southampton

Scope for further growth –

• Advertising and Marketing campaign
• Maximise the use of social media across all platforms
• Update the existing website ideally adding an e-commerce facility
• Invest in SEO and PPC to drive more customers to the business

All fixtures, fittings and equipment pursuant to the running of the business included in the sale.

Location
Hubbly Bubbly Bazaar occupies a unit in the city centre, and is surrounded by complimentary retail businesses, close to universities with a massive student population, night clubs, restaurants, bars, cafes, lots of residential accommodation including new build flats.

Premises
Occupies a ground floor retail unit that isideally suited to the trade with a generous retail area.

Massive storage space on the first floor and at the rear of the unit. 

Car park available.

Tenure
We are advised that the business is being sold on a leasehold basis, with the following lease terms –

East Street store (commenced March 2018) – Currently on a 10 year lease and rent of £20,500 per annum (£21,500 per annum from year 5). 

Hours
The current trading hours are –

East Street store – Monday to Saturday 10am – 8pm & Sunday 11am – 6pm

Staff
We are advised that the business is run and managed by the owner, with the help of staff members.

Financial Profile
This business generated a turnover £276,000. Further financials can be made available upon request.