Tobacco Shop With Expansion Opportunity

Okanagan, British Columbia


Asking Price: Annual Revenue:
$55,000 $450,000

Retail: Sporting Goods, Recreation


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RE: Tobacco Shop With Expansion Opportunity Broker: Steve Harvey

Quick Facts

Asking Price: $55,000
Annual Revenue: $450,000
Net Profit: Not Disclosed
Cash Flow: $45,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,250
Year Established: 2010
Employees: 2
BBN Listing #: 311849055
Broker Reference #: Not Disclosed

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Business Overview:

This is a successful business with constant increasing revenues despite COVID. With multiple new product lines added to the business the revenues have significantly increased from last year.

Located in the central Okanagan, serving high quality tobacco products including:
- High-end cigars
- Pipe tobacco (both bulk and prepackaged)
- Cigarettes (both basic and specialty)
- High quality accessories
- E-cigarettes

The business has established an extensive customer base over the years. The business is currently operated as an absentee-owner. This is a great opportunity for an owner-operator or to have an increased cash flow.

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Property Features and Assets:

Excellent high-traffic location with 2,000 square feet of prime retail space. Includes two large store- front window display areas that have been enhanced for added security. The current facility is adequate for future growth expansions. There are two private parking stalls behind the building with a reinforced heavy-duty metal door.

Market Competition and Expansion:

This business is well-positioned to grow within the existing service areas by adding more industry-related products and/or mail order services. *** The additional 1,000 square feet of space that is not currently used, provides a huge opportunity to expand the current operations to include more retail space or any other allowed usage. The Buyer has to do the due diligence to obtain the necessary approval to develop the unused space.***

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • 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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