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Ohio Business For Sale |
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| CIGAR STORE & SMOKE SHOP IN NE OHIO |
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| Attn: Dave Norris |
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| Northeast Ohio, OH, USA |
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| Asking Price: |
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$229,900 USD USA Dollars |
| Business for Sale Industry: |
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Retail: Non-classifiable |
| Reason for Selling: |
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Retirement and relocation. |
| # of Employees: |
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1 full time, 1 part time |
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Business for Sale Overview:
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This business is a retail store that sells specialty cigars imported mainly from the Dominican Republic, Honduras, and Nicaragua. Unit prices range from $3 to $25 plus. This business also sells high-quality humidors, cigar lighters, cigar boxes, collectibles, and other related items. The store is open from 10:00 AM to 7:00 PM - Monday through Friday, and 10:00 AM to 5:00 PM on Saturday. The store currently is not open on Sunday. The owner and one part-time employee manage the operation. The selling price includes the real estate, furniture, fixtures, humidified display cases, wall decor, security system, decorative shelving, and kitchen equipment. Inventory valued around $60,000 is also included in the sale. The final price will be adjusted to the actual inventory taken at closing.
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Property Features and Assets:
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This Northeast Ohio business is located in a one-story single-family home with no basement. It is approximately 1,600 square feet. It is situated on a 1/3-acre commercial lot with many trees. The house has been redone in the inside to accommodate the business. It includes a cedar-lined temperature and humidity controlled "humidor room" which can keep any product fresh indefinitely. |
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Market Competition and Expansion:
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Cigars are a strong international business, supported by many magazine publications such as Cigar Aficionado, Tobacconist, Tobacco Outlet Business, and Cigar Press. Huge international conventions are held periodically in elite domestic and foreign vacation spots like Las Vegas. Hundreds of different brands of cigars are represented. There is space in the facility to add a complete room devoted to the sale of cigarettes, pipe tobacco, and other related products. Increased marketing via the existing website could further expand the business. |
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Additional Details:
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- The property is owned.
- The owner may be willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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