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This Business has been Sold!
Closing Date: 04/19/2014
Broker: Syed Ahmed

Business for Sale Summary

Cigar Shop - 24372

Business Type: convenience store,misc. retail/non-classifiable
Cigar Shop
On April 19th 2014, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
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 $90,000 Down Payment $90,000
Gross Revenues $391,000 Lease Remaining Register Free to View
Owner’s Cash Flow $104,200 Number of FT Employees Register Free to View


$90,000 Down and TBD

Business Description

This fifteen-years old smoke shop is located in a very busy strip mall on Long Island. Apart from having many shops, the mall also has a nationally-known pharmacy, so the flow of the shoppers stays continuous, during the whole day, which brings lots of business to this smoke shop. Interior is impeccable, and beautifully decorated. The shop has three parts: cigar lounge, humidor, and the entrance area to serve the clientele. Rent is just $3, 000; its size is 1500 sq.ft., with a furnished basement, which can be used for an office for a rental purpose. The seller owns seven similar businesses in Manhattan, and this is being run by his partner, who is, miraculously, saved by a serious heart attack. Now, the partner finds it physically hard to run the business; therefore, the seller must sell it. An excellent opportunity for a husband and a wife to own, if they decide to go into a smoke shop business. The seller's net cash flow, after paying all the expenses, is $8,000 a month. Don't miss, don't miss this great business opportunity, which is for sale at less than one-time earning, which means a new buyer will get his business investment back in less than one year. Call Syed, without delay, at 1-877-735-5224 for more information.

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.