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- RE: Absentee-Run Tempe Smoke Shop
- Contact: Mike Darmo
Quick Facts
Asking Price: | $200,000 | |
Annual Revenue: | $570,000 | |
Net Profit: | $60,000 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $45,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 4 | |
BBN Listing #: | 980978 | |
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 an always packed street next to ASU 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. Also the seller was approved by the State for a bar and wine #10 license. The lease is only $2,400 per month. This stocked-up storefront boasts over 300 sq.ft of space and nice showcases and almost furniture, fixtures, and equipment which are included in the asking price. The store also has over $35,000 in inventory which is not included in the price. The owner pays around $8,000 in payroll monthly so if you were to run it yourself the profit monthly would be increase greatly. 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:
This stocked-up storefront boasts over 300 square feet of space and nice showcases and almost furniture, fixtures, and equipment.
Market Competition and Expansion:
Tons of room for growth by running it yourself and add a #10 Beer and Wine License
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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