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Business for Sale Summary

Local Smoke Shop for sale in NY - 34443

Business Type: convenience store,misc. retail/non-classifiable,seller financing available,smoke shop/tobacconist
Owner Financing
Local Smoke Shop for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $275,000 Down Payment $200,000
Gross Revenues $396,000 Lease Remaining Register Free to View
Owner’s Cash Flow $180,000 Number of FT Employees Register Free to View

Financing

$200,000 Down and A note of $75 ,000@6% for 12 months

Business Description

A 12 years old Smoke Shop, in 1400 sq. ft. is located in a busy commercial and residential area on Long Island. Rent is $2500 a month; a 10 years lease. Its gross sale is $33,000 a month, with 65% profit margin. It sells CBD, vapes, cigarettes, cigars, hookah, etc: is equipped with all the licenses. Has developed a loyal clientele over a period of 12 years. The interior is well-organized, and awesome. Has enough space to add lotto and beer, if a new buyer wants to increase the revenues. 100% absentee; the seller has several businesses. Seller financing is also available. A great opportunity for a buyer who is looking for an established Smoke Shop. The seller's net cash flow, after paying all the expenses, is $180,000 a year. Call Syed at 631-374-7686 for more information.

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.

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.