Newly Established Phoenix Smoke Shop W/Inventory

Business Overview:

If you are looking for a smoke shop in a highly desirable area that is surrounded by with tons of traffic and an always packed street with tons of room for growth and opportunity than look no further. 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 items and other items with high margins due to it proximity to near by dispensaries. Located near the 1-17 freeway. The lease is only $1,400 per month for over 1,200 square feet with 10 years left on the lease and nice showcases and furniture, fixtures, and equipment. The lease is good for years with options if you would like. The store also has around $100,000 in inventory which is included in the asking price as well as the FF&E you are literally paying for a turn-key smoke shop asset sale. The store opened up very recently and the owner has a change in plans so the sky is the limit, there is no historical financial data and this is mostly an asset sale for a smoke shop with great rent which are hard to find. The Seller is also offering amazing seller financing terms with $175,000 down and $175,000 Balance for 3 years at 0%. 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:

1,200 Square Feet suite in a strip center.

Market Competition and Expansion:

Tons of room for growth with time.

Additional Details:

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