Smoke Shop & Convenience Store - Quality Community

Seattle, WA
King County

Asking Price: Annual Revenue:
$375,000 $900,000

Retail: Non-classifiable

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RE: Smoke Shop & Convenience Store - Quality Community Broker: Erin Ward

Quick Facts

Asking Price: $375,000
Annual Revenue: $900,000
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 512735781
Broker Reference #: SSC2022

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Business Overview:

This business is a convenience and smoke shop located on a busy street in a great demographic area. Ownership transformed a convenience-discount store to a convenience-smoke shop that carries a variety of tobacco products, beer & wine, CBD & herbs, glassware, snacks, soda and a typical selection of C-store items. Types of tobacco sold include chewing, cigarettes, cigars, pipe tobacco, Ryo, and Shisha. CBD products were added and include capsules, liquid extracts and powder.

The area surrounding the business has seen its population grow from 28,000 people in 2018 to over 43,000 in 2021. The average age of the population is under 35 with an average salary of $135,000. 70% of the population is college educated, with an average of 2 people per household.

The current lease runs through September 22, 2022, with a 5-year option to renew. The current triple net lease payment is $8,875 per month for the 2835 square foot location. Sales have increased over 32% from 2020-2021, and there is room to add new products to the retail mix.

The business is the only c-store within a multi block area and located next to many lively restaurants that drive traffic to the area.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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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