How does the business operate on a daily basis?
Shop manager in both stores

How are the clients attracted to the business?
Foot traffic through the malls as well as online purchases. The business has a good following on Instagram, Facebook and WhatsApp groups where marketing is done.

What Advertising/Marketing is carried out?
None at this time

Does the business have any contract work?
No

What competition exists?
None in the current shopping malls. Other Vape stores in and around the area.

What are the seasonal trends?
Vaping is popular all year round

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Management accounts are available.

What Balance Sheet and Income Statements are available?
Balanced sheets compiled by owner .

What percentage of the business is cash/credit?
Approximately 30% cash and Online .

No Credit.

How could the profitability of the business be improved?
More advertising as well as new product lines.

Is Seller finance available and for what amount?
No

What is the total staff complement?
Each store has one employee who manages the store.

Give a breakdown of staff/ functions/ length of service?
One manager/employee for each store. Both are family run at the moment.

Do any receive special perks or incentives?
No

Are they on contract?
No

How involved is the Owner in running the business?
Fully Involved

When does the current lease end?
Lease has ended.
New owner has the option to extend the leases on both stores with the mall management.

Is there an option of renewal & what period?
Yes, 5 years

What is the annual escalation %?
To be discussed with center management

What are the trading hours?
9am - 6 pm

What is the square meters of the business?
Lenasia Store- 60 square metres Outside deck area available for use.
Ormonde store - 60 square metres.

Is a copy of the lease available?
yes

Do you require a licence?
no

What are the main assets of the business?
Signage, fixtures, fittings, website with Wordpress, POS & CCTV. Store design and lounge area.

What is their overall condition?
Good

Do any require repairing?
no

Which assets are on lease/HP and with whom?
None

Are they presently insured?
no

Strengths?
High Product Variety – Wide range of vape devices, e-liquids, and accessories attract different customer preferences.
Loyal Customer Base – Regular users often buy refills and upgrades, creating repeat sales.
Higher Margins – Compared to traditional tobacco, vape products can have strong profit margins.
Modern Brand Appeal – Trendy, tech-savvy image appeals to younger adults.
Online + In-store Sales Potential – Ability to reach customers locally and nationally via e-commerce.
Community Engagement – Vape lounges or tasting bars can build strong customer relationships.

Weaknesses?
Regulatory Restrictions – Constantly changing laws on nicotine sales, packaging, and advertising.
Public Misconceptions – Some people still associate vaping negatively with smoking or health risks.
Dependence on Imports – Many vape products and e-liquids are imported, leading to supply chain risks.
High Competition – Many small vape shops and online retailers in the same space.
Inventory Management – Fast-changing product trends can cause stock obsolescence.

Opportunities?
Growing Market Demand – Increasing shift from smoking to vaping for harm reduction.
E-commerce Expansion – Online sales and delivery services can significantly boost revenue.
Private Labeling – Opportunity to create an in-house brand of e-liquids or vape gear.
Health Awareness Trends – Marketing vaping as a cleaner alternative.
Collaborations – Partnering with local cafes or events for brand visibility.
Diversification – Add disposable vapes

Threats?
Regulatory Crackdowns – Government bans, tax increases, or stricter sales rules.
Health Studies and Media Reports – Negative publicity can hurt consumer trust.
Economic Downturns – Reduced disposable income may cut non-essential purchases.
Changing Consumer Trends – Sudden shifts toward new devices or nicotine-free options.
Supply Chain Disruptions – Currency fluctuations or import delays increase costs

What is the reason for the sale?
Owner looking exit the business after 15 years in the Vape market.

Why is this a good business?
A vape shop is a promising business opportunity because it combines high market demand, strong customer loyalty, and the potential for recurring sales. With vaping continuing to grow as both a lifestyle choice and a smoking alternative, a well-run shop can position itself as a trusted community hub for quality products, education, and personalized service. By offering diverse product lines, keeping up with industry trends, and focusing on customer experience, a vape shop can achieve long-term profitability and sustainability