Smoke Shop

Smoke Shop

Available

$199,000.00

Listing Number :

 3944

Status :

Expired

Price :

$199000

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Description

Well established and profitable store since 2008. This Smoke Shop carries multiple product lines with Gross Annual Sales of $480,000 as seller claims. He also claims his Net Income is about $112,000 a year, which currently run by owner’s son is going to collage soon and owner has another job at kaiser. The store has good potential for higher sales increase. Lease expires 2025 with 1 x 5 years option with $1,800/m Rent to pay. #3944

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established: 2008
Year Purchased: 2018
Business Type: Smoke Shop
License(s) Required: Business, Heath
Hours of Operation: 9am-10pm /7 days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3944
Date Available: 3/6/2020
Reason For Sale:
Annual Total Revenue: 480000
Annual Net Income: 112000
Inventory: 60000
Monthly Payroll: 3500/m
Lease Information
Base Rent: 1800/m
Lease Expires: 2025
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 199000
Owner Will Carry:
Other Finance Terms:

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