Albuquerques Premier Tobacco & Cigar Shop

Albuquerque, NM
Bernalillo County

Asking Price: Annual Revenue:
$295,000 $599,955

Retail: Non-classifiable

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RE: Albuquerques Premier Tobacco & Cigar Shop Broker: Michael Greene

Quick Facts

Asking Price: $295,000
Annual Revenue: $599,955
Net Profit: Not Disclosed
Cash Flow: $125,614
Total Debt: Not Disclosed
FF&E: $11,351
Real Estate: Not Disclosed
Year Established: 1993
Employees: 2
BBN Listing #: 750444632
Broker Reference #: SANTAFE001-N207

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Business Overview:

This is an established, well-stocked cigar and tobacco shop that has cultivated a loyal following among Albuquerque aficionados over 28 years. The business has over 50 five-star online reviews praising its selection, knowledgeable service and friendly staff. Diplomat status for high-end cigar brands allows this retailer to carry premier lines that cannot be found anywhere else in the local market. Weekly events are well-attended, a strong manager is in place, and the current owner works about 14 hours a week in the business.With minimal exposure to the vaping market, sales grew 17 percent between 2018 and 2019. Growth has averaged 12 percent since 2016. New owners will inherit over $75,000 worth of inventory, a prime location, and ongoing investments in new lounge furniture, displays and humidor renovations.

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Reason for Selling:

Seller will pursue other interests.

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.

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