Upscale Cigar Bar

Phoenix, AZ
Maricopa County

Asking Price: Annual Revenue:
$780,000 $742,258

Retail: Non-classifiable

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RE: Upscale Cigar Bar Broker: Ray Hinesly

Quick Facts

Asking Price: $780,000
Annual Revenue: $742,258
Net Profit: Not Disclosed
Cash Flow: $116,192
Total Debt: Not Disclosed
FF&E: $105,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 5
BBN Listing #: 400130481
Broker Reference #: WCIC19616

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Business Overview:

2019 1st quarter sales 18% increase - Net inc. 87% increase over 2018. 2,000 Square Feet furnished patio with custom fire pit. 96½ acre Urban Core development underway. Additional revenue from private “locker” rentals - $1,200 to $6,000/yEAr. Massive smoke ventilation system. Over $700,000 initial investment. Contact Ray Hinesly or email us for more information.

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Property Features and Assets:

Bldg Size 2,759 Square Feet; Monthly rent $9,248; Deposit $5,270; Lease period through June 2027.

Reason for Selling:

New 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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