$156,000 NET Very Profitable Absentee Smoke Shop

Scottsdale, AZ
Maricopa County

Asking Price: Annual Revenue:
$500,000 $780,000

Food & Beverage: Liquor Stores

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RE: $156,000 NET Very Profitable Absentee Smoke Shop Broker: Mike Darmo
Owner Financing is Available!
$350,000 Down and $300,000 for 5 years at 7%

Quick Facts

Asking Price: $500,000
Annual Revenue: $780,000
Net Profit: Not Disclosed
Cash Flow: $162,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 271159836
Broker Reference #: Not Disclosed

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Business Overview:

If you are looking for a high margin(Close to 40%) highly profitable smoke shop with a very strong brand in a very good spot in the heart of Scottsdale with an amazing lease of only $2,400 a month with over 9 years left on the lease with around $150,000 in inventory at cost with an amazing selection and no non-movable inventory then look no further. This store boasts a beautiful cigar room, tons of inventory, and every sale tracked through a point of sale system with all the inventory being bar-coded. This well-oiled machine runs more efficiently then most smoke shops out there and the numbers are provable. The store mostly sells vapes and accessories and glass and that is why the margins are so high. Cigarette sales are less than 7% and the rest of the sales are the high-margin items. The seller is also offering amazing seller financing terms, with $350,000 down the seller will carry with remaining balance and inventory of $300,000 for 5 years at 7%. The owner currently works there around 4 hours a day so if replaced can be run fully absentee, and if you decide to run it completely yourself you can save a few thousand a month on payroll and unlike convenience stores and liquor stores the hours are not extreme.

The Hours of Operation are:
Monday - Saturday 10AM to 9PM
Sunday 11AM to 7PM

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Property Features and Assets:

1000 sq.ft. suite in a busy strip surrounded by corporate tenants next to one of the busiest intersections in Arizona.

Market Competition and Expansion:

The sky is limit for this shop, with the competition being minimal and the location being in an excellent spot.

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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