Business For Sale

Business Overview:

If a well-located retailer (specializing in “make your own” cigarettes, cigars, and accessories) with minimal rent, sane hours, and a SDE (combined cash flow to the absentee owners) of $85,000 annually sounds appealing, then this is the business opportunity for you. The partners in this Northwestern Michigan business have already sold their two locations to the south, and now they want to retire so they are offering their remaining store for sale for $245,000 (a competitive 2.9x SDE) plus inventory at cost (not to exceed $85,000). The sellers offer full training for the successful buyer of this business. In addition, for a qualified buyer, they will carry a meaningful seller note. The store has annual sales exceeding $400,000 with the $85,000 SDE to the two absentee owners calculated after paying a manager. The store is only open 48 hours per week (10-6 daily; 9-5 Saturdays and closed Sundays). A modest expansion of the store’s hours would seem to present an easy opportunity for increased sales. With rent (for a very attractive space) of $12,000 annually (which is only 3% of revenues), this business is poised to continue its excellent financial performance aided by a very loyal customer base…one need only spend a few minutes in the store to pick up the positive vibrations. And the business comes with (included in the purchase price) a grandfathered smoking exemption of which no new ones are being issued and only about 160 remain in the entire state of Michigan. This business would be perfect for anyone who has owned (or has considered buying) a convenience store, liquor store, pizza establishment, or the like - this opportunity provides more cash flow with significantly less effort and much less competition.

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.

Reason for Selling:

Retirement.

Additional Details: