Smoke Shop

Smoke Shop

Expired

$99,000.00

Listing Number :

 3771

Status :

Expired

Price :

$99000

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Description

Money making store with Gross Annual Sales at $402,K  Net Income $144,K. Absentee run, high margins on accessories products, inventory additional approx. $70K not included in Asking Price. Low Rent, seller has multiple locations and too long of commute to the store. An owner-Operator could even double the sales, currently run by employees. Buyer to come up with cash funds for purchase, no bank financing.

#3771

Business Information Financial Information
Ownership Type:  Partnership
Year Established: 2009
Year Purchased: 2014
Business Type: Smoke shop
License(s) Required: Business,Tobacco
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3771
Date Available: 9/5/2019
Reason For Sale: Long Commute.
Annual Total Revenue: 402,000
Annual Net Income: 144,000
Inventory: 70,000
Monthly Payroll: 5,330/m
Lease Information
Base Rent: 2,350/m
Lease Expires: 2020
Lease Option:
NNN:
 
Financing Information
Down Payment: 99,000
Owner Will Carry:
Other Finance Terms:

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