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Business for Sale Summary

Well Known Smoke Shop for Sale - 28072

Business Type: retailing businesses,misc. retail/non-classifiable,service businesses,wholesale/dist businesses,special situations,tobacco conditions
Well Known Smoke Shop for Sale
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Financial Information (non-confidential)

General Information
Asking Price $210,000 Down Payment $135,000
Gross Revenues $537,000 Lease Remaining Register Free to View
Owner’s Cash Flow $65,000 Number of FT Employees Register Free to View

Financing

$135,000 Down and $75,000 over 36 months at 6%

Business Description

Well known smoke shop on a main street with good foot traffic surrounded by commercial business. The shop is retail and wholesale. Gross revues are $537,000 and cash flow is $65,000 a year and have been going up. Supplies a wide selection of cigarettes - An entire roll your own line (RYO) - Tier 4 Cigarette line - Full Vaporizer Cigarette line - Supplies Hookah and a small line of cigars. Shop also sells chips and candy bars. Mark of on Cigarettes 8% / Tier 4 Cigs 10% - 12% / Roll your own 33% /On many vaping items mark up is 1000% Lotto and Keno also available, the shop has everything including room for expansion. Current cash flow numbers are down from a few years ago because of street construction but now on the way back up with completion of construction and cash flow projected to continue to rise. Current owner willing to work with new owner for a month or two to ease the transition with current clientele and maybe work for new owner. Owner also owns building and wants to sell the building with the business. Building has four apartments. Building available through owner. Owner willing to negotiate price and down payment with the right buyer.

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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.