$500,000 NET Absentee-Run Busy and Profitable Smoke Shop!!!
Business Description
Amazing Location and Lease in Place!!!!
If you are looking for a very profitable smoke shop in the West Valley with staff in place with the owner that produces over $500,000 net profit in the owner pocket after all expenses and an average of $130,000 per month in Gross Sales with amazing seller financing terms and solid client base in a great location surrounded by corporate tenants with exposure to a major road and competition far away and a cigar humidifier room and amazing FF&E then look no further. This smoke shop is situated in a 4000 sq.ft. suite in a strip center with tons of frontage view to a major road surround and they are using only 2,400 square feet of space so it could be expanded. The rest of the space is used as storage. The lease is amazing as well at $7,300 per month all in with 3 years left and 5 year option. The store boasts around $225,000 of the top of market inventory, carefully selected from years of experience from the owner and is included in the price. It is truly turn-key and has room to grow by continuing the trend of the current owner. The owner spends around $10,500 in payroll a month so if you run it yourself add another $126,000 NET to the yearly total. Also the seller if offering seller financing terms with $1,000,000 down and $650,000 balance w/inventory included for 4 years at 7.5%. Hurry up these deals don't last for these once in blue moon opportunities.
About the Business
- Facilities & Assets
- 4000 sq.ft. space taking two suites with exposure to a major road with tons of traffic
- Opportunities for Growth
- Tons of room for growth with more online marketing and time. Also the Seller is adding lottery and #10 Beer and Wine License in October which add more revenue streams.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- Not Disclosed
- Lease Expiration
- 12/31/2027
About the Sale
- Transition Support
- 2 Weeks after Sale
- Financing Options
- $1,000,000 down and $650,000 balance w/inventory included for 4 years at 7.5%
Listing Info
- ID
- 2275889
- Listing Views
- 3044
Listing ID: 2275889 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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