Fantastic Internet Smoke Shop - 20669 Business Type: owner financing available,convenience store,entertainment,general merchandise store,misc. retail/non-classifiable,internet businesses,internet consumer services (b2c),misc. internet/technology/non-classifiable
Acted as the Advisor to the Deal
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.
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