NOT DISCLOSED, Virginia
| Asking Price |
$750,000 |
Year Established |
|
|
| Annual Revenue |
$1,037,033 |
Reason for Selling |
retirement |
|
| Annual P/L |
$0 |
Attention |
Mark Irion |
|
| Annual Cash Flow |
$225,898 |
Listing Number |
1015142 |
|
| # of Employees |
6 |
Business Category |
Retail: Smoke & Vaping Shops |
|
Business Overview:
In 2002 the Company began operations as a retail cigar and tobacco business, and has built a loyal customer base and a reputation for quality and service. In 2004, the owners strategically diversified by adding Money Service Business (MSB) operations, transforming the Company into a dual-revenue enterprise that has now operated continuously for over two decades.The MSB division provides a suite of essential, non-bank financial services, including money transmission, check cashing, and money order sales. The business is an important community asset and fills a critical need for individuals and businesses in communities that are often un-banked, positioning the Company as a vital access point for financial inclusion in its market. The business closely adheres to regulations regarding anti-money laundering (AML) and counterterrorist financing statutes, reflecting an established and compliant operating infrastructure that represents significant value to a prospective buyer.The combination of a long-standing retail tobacco operation and a recurring revenue financial services division gives the Company a diversified income base, entrenched community relationships, and a proven, resilient business model spanning nearly a quarter century.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity