59 - 62 North Road, County Durham, DH1

Mobile Phone & Vape Business for Sale

Unit 5, Tenter Chambers, 59–62 North Road, Durham, DH1 4SQ

Asking Price: £70,000 (Plus Stock at Valuation)
Stock Value: Approximately £17,000–£20,000

Galaxy Real Estate is pleased to present this fantastic opportunity to acquire a well-established mobile phone & vape retail business located in a prominent position within Tenter Chambers on the busy North Road, Durham City Centre.

Trading from a highly visible location with excellent pedestrian footfall, the business has built a loyal customer base and offers a comprehensive range of mobile phones, accessories, repairs, vaping products and related retail sales. The premises are fully fitted and equipped, enabling a new owner to continue trading immediately without further investment.

The business is currently achieving weekly sales of approximately £3,000–£3,500, with turnover continuing to increase month on month. Under the right ownership, there is significant scope to further grow the business by expanding the product range, increasing marketing, extending opening hours and introducing additional revenue streams.

Business Information

Asking Price: £70,000
Stock: Approximately £17,000–£20,000 (additional at valuation)
Weekly Turnover: £3,000–£3,500 (currently increasing)
Annual Rent: £19,000
Lease: 5 years (approximately 3½ years remaining)
Business Rates: Approximately £6,000 per annum
Service Charge: £200 per calendar month
Opening Hours: 9:00am – 6:30pm
Key Features

Prime Durham City Centre trading location.
Established mobile phone & vape business.
Approx. 770 sq m retail premises.
Weekly turnover of £3,000–£3,500 with increasing sales.
Fully fitted and ready to trade immediately.
Loyal and growing customer base.
Excellent opportunity to expand and increase profitability.
Ideal owner-operator or investment opportunity.
This represents an excellent opportunity to acquire a growing retail business in one of Durham's busiest commercial locations. With increasing sales and substantial potential for future expansion, the business offers an ideal platform for an ambitious operator to take it to the next level.

Viewings are strictly by appointment through Galaxy Real Estate.