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RE:  Elite Vape Shops Contact:  Raquel
License #: 3310893

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,037,562
Net Profit: Not Disclosed
Cash Flow: $554,000
Total Debt: Not Disclosed
FF&E: 80,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 7
BBN Listing #: 855455239
Broker Reference #: 1993680

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Business Overview:

This listing comprises of 3 stores that are for sale in the affluent area of Miami. Each stores are fully stocked and sell all kinds of vapes, tobacco products, delta 8, CBD, hookahs and more. There are two managers and two owners. There are 15 suppliers in total where 3 come from China and the rest are from Florida. First store opened in 2017 and grew rapidly in 2019. Each shop have enough space for storage, employees, display, and space for customers. This business has the less growth sale expenses of every store and distribution around.

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Property Features and Assets:

Shops are located in shopping plaza in Miami-Dade county not a long distance from each other. Accessible parking outdoors and easy access.The details of the listing vary upon each shop. Detailed description of employment, rent, and bills cost for each store upon request.

Market Competition and Expansion:

Each smoke shop has their clientele built with recurring customers from surrounding areas. The advantage these smoke shop have is that they have a vast variety of products and the inventory to support the flow of clients. With more than over 160,000 of retail inventory, there is potential for growth. The oldest store has been established since 2017 and has grown rapidly ever since they started buying from China in 2019. Their advertising is done mostly from Instagram but other platforms can be used for the commercial aspect.

Reason for Selling:

Starting New Businesses.

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

Documents:

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