Smoke Shop

Smoke Shop

Available

$150,000.00

Listing Number :

 3528

Status :

Expired

Price :

$150000

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Area

4040

Description

Well established Vape/Smoke Store in good location. The store Sales  Vape Products, Hookahs. Extensive delivery method products. A few blocks from the freeway with 20+ parking spots. Professional layout and newly remodel store with new merchandise and inventory. There is a Studio with live in loft, complete with bathroom and shower. Nearly all sales are generated from word of mouth and foot traffic with very little to no advertising by the current owner. Employees are well trained in the industry and manage the day to day operations. It is a Semi-absentee run business. From an operations standpoint, the business is completely turnkey. All Vital relationships with third party vendors and distributors are secured for new owner to assume. Great cash flow with large margins. Seller may carry a seller note covering the inventory for a qualified buyer. Rent is currently $1,967/m with a little over 2445sq.ft. for use. In addition to the Vape licensing the business comes with SMOKE licensing as well. As of now the business does not carry Tobacco and a wide variety of paraphernalia. A new operator can add much more revenue by selling these products. This can potentially DOUBLE gross revenues.

3528

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established:
Year Purchased:
Business Type: Smoke Shop
License(s) Required: Business, Health, ABC, Tobacco
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3528
Date Available: 8/28/2018
Reason For Sale:
Annual Total Revenue: 180000
Annual Net Income:
Inventory:
Monthly Payroll: 4000
Lease Information
Base Rent: 1967/m Lease Expires 2019
Lease Expires: 2019
Lease Option: 1 x 5 years Option
NNN: 0
 
Financing Information
Down Payment: 150000
Owner Will Carry:
Other Finance Terms:

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