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- RE: Absentee-Run 3 Smoke Shop Portfolio
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $350,000 | |
| Annual Revenue: | $600,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 5 | |
| BBN Listing #: | 978901 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
If you are looking for a solid portfolio of smoke shops that are absentee-run and are located on prime locations across the valley. The first one is located in Mesa, AZ in a 1,000 square feet suite and the lease is $1,500 per month(Option to renew 3 or 5 year) Fully licensed and zoned correctly with the city and nice showcases and furniture, fixtures, and equipment. The second one is located in Chandler, AZ in a 1,200 square feet suite and the lease is $780 per month with a $400 credit from the Bitcoin ATM with 4 years left (Option to renew 3 or 5 year). The third one is located in Glendale, AZ in a 1,350 square feet suite and the lease is $2,150 per month with 4 years left and a 5 year option. The portfolio includes $200,000 worth of inventory at cost in the price. All the seller-owned FF&E is included in the price which almost puts it at an asset based sale with the asset value included in the price. Seller Financing available with $250,000 down and $100,000 for 3 years at 7% The shops need a dedicated owner to take them to the next level, but what a nice way to start off with three locations, stocked, turn-key and ready to go. These portfolios are rare and go quick.
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Property Features and Assets:
Three locations in Mesa, Chandler, and Glendale and are all located in shopping centers.
Market Competition and Expansion:
Tons of room for growth with a more deviated owner and more inventory.
Reason for Selling:
Owns Larger Businesses and is too Focused on themAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Arizona businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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