1. Home
  2. Businesses for Sale
  3. New York
  4. Retailing Businesses
This Business has been Sold!
Closing Date: 12/06/2012

Business for Sale Summary

Fantastic Internet Smoke Shop - 20669

Business Type: seller financing available,special situations,retailing businesses,convenience store,entertainment,general merchandise store,misc. retail/non-classifiable,internet businesses,consumer services (b2c),general internet,misc. internet/technology/non-classifiable
Sold
Fantastic Internet Smoke Shop
On December 6th 2012, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NH, NJ, NY, PA, RI and VT
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $390,000 Down Payment $250,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$250,000 Down and $140K over 4 years @ 6%.

Business Description

Fantastic Internet Smoke Shop and Head Shop. This company was formed in 1998 as an answer to the slowly disappearing brick and mortar head/smoke shops. It is an excellent alternative for those who have problems finding a reputable head/smoke shop in their hometown. They have assembled a collection of the best names in vaporizers, and vaporizer accessories all on one site. THE CURRENT OWNER ONLY SPENDS 4-5 HOURS PER DAY RUNNING THIS BUSINESS. In 2010, the business grossed $349,644.00 with a Net Income of approx. $155,594.00. ALL SALES ARE VERIFIABLE CREDIT CARD SALES! P&L Provided to qualified buyers. The seller carries approx. $15-20K in Inventory in his home office (less than 1,000 sq. ft.). All transactions are processed through the website. Any customer service questions are handled through email. This business is ideal for someone looking to work from home. A full time owner can be more aggressive in growing the business. We are looking for a serious and financially qualified buyer with at least $350K in liquid capital to cover the down payment, inventory, working capital, etc. If you meet the criteria, call or email Mel Vaz today at 631-909-1095 or mvaz@vestedbb.com.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.