Discount Cigarettes Store

Discount Cigarettes Store

Available

$65,000.00

Listing Number :

 6276

Status :

Expired

Price :

$65000

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Description

Gross lotto sales in 2017 & 2018 were about $900,K Plus Annually and commission which I verified by the 1099 that they received for 2018 was $56,K just from lotto and scratches, that means you can pay your Rent, Insurance and Utilities just from the Lotto commission any other income from store is your profit. They sell about $20,K gross per month in addition to Lotto Landlord will provide new lease to qualified tenant (Good credit and 2 years tax return required). Rent is about $2,900 including NNN. Store has been around for over 30 years, 8 years under current owner. You may stand at the store for one week to verify sales as due diligence period.  The Store has a lot of potential to improve by remodeling and adding items such as glass pipes and cigars and electronic Cigarettes. # 6276

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established:
Year Purchased:
Business Type: Smoke Shop
License(s) Required: Business, Heath, ABC
Hours of Operation: 7.00 am-7.00 pm/ 6 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: N/A
Broker To Broker CoOp:  No
Office Listing Number: 6276
Date Available: 10/16/2019
Reason For Sale: Retirement
Annual Total Revenue: 240000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 2900/m
Lease Expires:
Lease Option:
NNN:
 
Financing Information
Down Payment: 65000
Owner Will Carry:
Other Finance Terms:

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