Seller's Contact Information
- RE: Busy And Profitable Smoke Shop - $360,000 Net
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $1,000,000 | |
| Annual Revenue: | $1,320,000 | |
| Net Profit: | $360,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $55,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 469159836 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
If you are looking for a smoke shop in a highly desirable area that is surrounded by corporate tenants and stores with tons of traffic and an always packed parking lot with tons of room for growth and opportunity than look no further. Smoke shops are some of the most sought after businesses since a lot of landlords are not approving new ones being built and with the location of this one the competition is slim to none. The smoke shop mostly sells glass and vape items with high margins due to it proximity to near by dispensaries. The lease is only $2,200 per month. This storefront boasts over 1200 sq.ft of space and nice showcases and almost furniture, fixtures, and equipment which are included in the asking price. Seller will carry with $600,000 down and the balance of $400,000 for 4 years at 0%. The owner currently only buys the inventory and handles payroll and is in a semi-absentee status. When you see the location and pictures you will know why this store will sell very quickly.
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Property Features and Assets:
1200 Sq.ft. storefront in a the middle of a busy strip center with tons of business that draw traffic surrounding it.
Market Competition and Expansion:
Tons of room for growth with time and more online marketing and a more involved owner.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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