Business For Sale

Smoke Shop and C-Store in Newport County, RI 31625

Not Disclosed, RI
Newport County


Asking Price: Annual Revenue:
$139,000 $560,000

Retail: Non-classifiable


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RE: Smoke Shop and C-Store in Newport County, RI 31625 Broker: David Cohen

Quick Facts

Asking Price: $139,000
Annual Revenue: $560,000
Net Profit: Not Disclosed
Cash Flow: $110,000
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 31754447
Broker Reference #: 31625

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Business Overview:

Long established smoke shop and convenience store located just over the state line from MA. On January 1st the smoking age in MA is going to 21 which means a large increase in cigarette sales is expected, this store is the closest to the state line. The store does an average of $1,500 per day with 35% of the sales at a high gross profit coming from smoke shop items including E-cigs, juice, oils, pipes smoking accessories and CBD oil and wax. 35% of sales are grocery items and 30% are cigarettes which is expected to rise. The store has been in this location for 80 years with 19 years under the current owners, Open 7 days a week and owner-operated. Seller is the landlord and willing to write a long term lease with the option to purchase the property that includes an large apartment upstairs. Unique opportunity with lots of upside at a below market price. Call Now!

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Reason for Selling:

retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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