Profitable Thrift Store, Potential Cannabis Rtlr

Not Disclosed, VA

Asking Price: Annual Revenue:
$129,000 $210,000

Retail: General Merchandise - Retail

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RE: Profitable Thrift Store, Potential Cannabis Rtlr Broker: Bill Kelly

Quick Facts

Asking Price: $129,000
Annual Revenue: $210,000
Net Profit: Not Disclosed
Cash Flow: $75,000
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 2
BBN Listing #: 904743891
Broker Reference #: 9525-380480

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Business Overview:

Profitable Thrift and Cigarette Retail Store in great location near large Army base. Pre-approved to be a retail location for Recreational Cannabis in Virginia.

Thrift Store Business sells over $200k per year in used furniture, appliances, clothing, electronics, china, dinnerware, and miscellaneous items. Over 60% of the items sold are donated to the store so the cost of goods is exceptionally low.

The Seller also owned a separate cigarette store next door for 20 years but recently consolidated the two stores. The business specializes in seller discount brands with lower retail price but higher profit margins than national brands, The first full year sales were more than enough to cover the store rent and utilities.

Seller has been solicited by VA ATF to become a retail location for recreational cannabis in her area. The Seller is willing to stay on and help the Buyer go through the approval process.

Transactions are 60% cash and 40% credit card. Owner earns 50% - 100% gross profit on Thrift Store sales and 10% - 30% on Cigarette sales.

Owner is retiring and would prefer an all cash transaction but would be willing to hold a note with minimum of $80,000 down.

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Reason for Selling:


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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