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- RE: $60,000 NET Absentee-Run Near Biltmore Smoke Shop
- Contact: Mike Darmo
Quick Facts
Asking Price: | $225,000 | |
Annual Revenue: | $400,000 | |
Net Profit: | $60,000 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 987129 | |
Broker Reference #: | Not Disclosed |
Business Overview:
If you are looking for a smoke shop in a highly desirable area that is surrounded by corporate tenants and bars and restaurants with tons of traffic and frontage view of an always packed major street with tons of room for growth and opportunity than look no further. This smoke shop is currently ran owner absentee. Smoke shops are some of the most sought after businesses since a lot of landlords are not approving new ones being built and with the location of this one the competition is slim to none. The smoke shop mostly sells glass and vape items with high margins due to it proximity to near by dispensaries. The lease is only $2,025 per month with 3 years and two 5 year options. The storefront boasts 800 sq.ft of space and nice showcases and almost furniture, fixtures, and equipment and a cigar humidifier cases which are included in the asking price. The store also has $85,000 in inventory which is included in the price. When you see the locations and pictures you will know why this store will sell very quickly.
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Property Features and Assets:
800 Sq.ft. storefront in a shared stand alone building with tons of business that draw traffic surrounding it.
Market Competition and Expansion:
Tons of room for growth by running it yourself.
Additional 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:
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