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Business For Sale

OWNER FINANCING-CIGARETTE & TOBACCO OUTLET

Attn: Mitri S. Habash / Jason Peronti
New Castle County, DE, USA
Listing Number: "B-40"
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Asking Price: $325,000 USD USA Dollars
Business for Sale Industry: Retail: Non-classifiable  
Reason for Selling: Owner is seeking retirement
Year Established: 1991
# of Employees: 1 full time / 2 part time
Yearly Revenues: $3,143,761
Yearly Cash Flow: $101,923
Yearly EBITDA: $56,923
Yearly Net Profit: $101,923
 

Business for Sale Overview:

With only 30% down, owner financing is available for this very rare opportunity to own a business with property at this Great location! Recently owner reduced price to $325,000 and now priced to sell. This business is available for sale with or without the property. It was established by current owner 13 years ago. This grand establishment offers a great selection of Cigar, Tobacco products and accessories all are in very nice displays and only carries high end product. Large walk-in Humidor. Currently operating by absentee owner who is seeking retirement. Turn key operation. Historical tax returns are available. Highly profitable business.


Property Features and Assets:

The physical location of this property is very highly desired by many business owners for many reasons including but not limited to the following: 2003 average daily traffic counts exceed 54,000, basically this is one of New Castle County's busiest traveled roads. Free standing building. Great road visibility. Great sign visibility from the road. Easy "in & out" from the location. Close to all major and interstate highways just to mention a few. Inside is very well organized, very nice displays, Big walk in Humidor, great and top of the line products.


Market Competition and Expansion:

This business has was established 17 years ago by the same owner. Currently being operated by an absentee owner (we all know the downside to that). New "hands on" owner will without a shadow of a doubt improve the operation and the efficiency of the business which will translate to more sales and greater profits.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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