Owner Financing is Available!
Business Overview:
Purchase price includes approximately $75,000 in inventories. This smoke shop is located in one of the most desired locations on the Ave, it is close to the University and many businesses, and has a year round client base and a great reputation for quality, pricing, and service. It has been in the same location since 1970 and is a fixture in the area. The business sells everything from cigarettes, cigars, pipes (all types - conventional and unconventional), lighters, tonics, incense, and related products and accessories (which are perfect for the University clientele). There is also a second business included at no cost and this could be a great second source of income for the new owner. The current Seller does not operate the smoke shop business and has serious health issues that require him to sell ASAP. . Seller paid over $120,000 three years ago for this business and then put in over $48,000 in improvements and upgrades. This is a real money maker for an owner operator who wants to make a $6 figure income. Seller terms with 50% down, 3 year term, at 7% interest. Bring ANY offer
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This smoke shop is located in one of the most desired locations on the Ave, it is close to the University and many businesses, and has a year round client base and a great reputation for quality, pricing, and service. It has been in the same location since 1970 and is a fixture in the area. The base rent is $3300 plus NNN charges of $300 per month. The Lease is month to month and has been since 1983. ). There is also a second business included at no cost which has a totally separate entrance and security systems. The current Seller does not operate the business and this could be a great second source of income for the new owner.
Market Competition and Expansion:
There are other Smoke shops in the area; however, this is the oldest and most respected.The new owner could be a full time owner operator and save labor costs (currently 1 Full Time and 1 Part Time employees) and give the business that warm and friendly touch only an owner can provide. The current owner due to his deteriorating health and the fact he does not operate the business has to rely on employees to keep the store open – sometimes that does not happen so the store occasionally has erratic hours - an owner operator could easily eliminate this problem. The new owner could also open up the other business that is included and add additional income.
Reason for Selling:
The Seller does not operate the business and has h
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.