Very profitable Vape Business for sale
Business Description
ESTABLISHED VAPE SHOP - NEWPORT NEWS, VA
This profitable smoke shop franchise presents an exceptional opportunity for an investor seeking a turnkey business with strong financial performance. Established in 2019, this well-positioned retail operation has built a solid reputation and loyal customer base over five years of continuous operation.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $700,000
• Asking Price: $350,000 (0.5x revenue multiple)
• Monthly Lease: $4,000 for 3,000 sq ft retail space
• Lease Term: Secured through January 2035 (10+ years remaining)
• Included Inventory: $250,000 (substantial product selection)
BUSINESS STRENGTHS:
• Established franchise with proven business model
• Strong customer loyalty and word-of-mouth marketing
• Competitive pricing strategy driving market share
• Experienced team of 5 employees in place
• Prime Newport News location with high visibility
OPERATIONAL ADVANTAGES:
• Streamlined daily operations requiring minimal oversight
• Comprehensive training and support from current owner
• Spacious 3,000 sq ft facility allows for product expansion
• Strong profit margins with established supplier relationships
GROWTH POTENTIAL:
Significant expansion opportunities exist within the current space to introduce complementary product lines and increase revenue streams. The large retail footprint provides flexibility for merchandising optimization and new category additions.
This turnkey operation offers an ideal entry point into the growing smoke shop industry with established cash flow, long-term lease security, and room for growth. The business benefits from a stable customer base and competitive market position in the Newport News area.
100% disabled Veteran Owner selling due to personal medical circumstances and committed to ensuring smooth transition with comprehensive operational training and support.
This profitable smoke shop franchise presents an exceptional opportunity for an investor seeking a turnkey business with strong financial performance. Established in 2019, this well-positioned retail operation has built a solid reputation and loyal customer base over five years of continuous operation.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $700,000
• Asking Price: $350,000 (0.5x revenue multiple)
• Monthly Lease: $4,000 for 3,000 sq ft retail space
• Lease Term: Secured through January 2035 (10+ years remaining)
• Included Inventory: $250,000 (substantial product selection)
BUSINESS STRENGTHS:
• Established franchise with proven business model
• Strong customer loyalty and word-of-mouth marketing
• Competitive pricing strategy driving market share
• Experienced team of 5 employees in place
• Prime Newport News location with high visibility
OPERATIONAL ADVANTAGES:
• Streamlined daily operations requiring minimal oversight
• Comprehensive training and support from current owner
• Spacious 3,000 sq ft facility allows for product expansion
• Strong profit margins with established supplier relationships
GROWTH POTENTIAL:
Significant expansion opportunities exist within the current space to introduce complementary product lines and increase revenue streams. The large retail footprint provides flexibility for merchandising optimization and new category additions.
This turnkey operation offers an ideal entry point into the growing smoke shop industry with established cash flow, long-term lease security, and room for growth. The business benefits from a stable customer base and competitive market position in the Newport News area.
100% disabled Veteran Owner selling due to personal medical circumstances and committed to ensuring smooth transition with comprehensive operational training and support.
About the Business
- Years in Operation
- 6
- Employees
- 5
- Franchise
- This business is an established franchise
- Facilities & Assets
- Everything in the store stays. Cornhole boards, massage chair, sectional, 81 inch tv, speaker system, pool table, etc.
- Market Outlook / Competition
- Steady and very profitable
- Opportunities for Growth
- There are many growth possibilities because there is a lot of space in the store to add many more products.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,000
- Rent
- $4,000.00 per month
- Lease Expiration
- 1/22/2035
About the Sale
- Seller Motivation
- I am 100% disabled Vet and do to medical situation i have to step back and move.
- Transition Support
- I can give a complete rundown of how everything operates and works on a daily basis.
- Financing Options
- None
Listing Info
- ID
- 2393056
- Listing Views
- 535
Business Location
Listing ID: 2393056 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.
