Price: $160,000
Location: Long Beach
Industry: Smoke Shops
Listing ID: 01985561 HP
Listing Status: New
This store has been established for over 25 years and has a solid reputation within the community.
It is located in a bustling shopping center anchored by Food 4 Less Rite Aid Pharmacy and many more. The shop benefits from significant foot traffic from new and repeat customers.
The current owner is seeking a motivated buyer to take over the business, as they are occupied with other ventures and have employees running the store.
With a current net income of over $96,000 per year, this business specializes in selling Lotto and Scratchers and has even sold a winning ticket in the past. Additionally, the store offers a diverse range of products, including cigarettes, gift items, tobacco, hookahs, pipes, electronic cigarettes, vaporizers, incense, incense oil, accessories, energy drinks, and more.
Please contact HARRY PATEL at Tel: (562) 230-1193 for showings. However, please don't talk with the employees since the current owner is absent from the business and relies on their staff to operate the shop.
Down Payment: $160,000
Total Sales: $1,176,000
Cash Flow: $75,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
Inventory: $80,000
Inventory Included: No
Year Established: 1998
Year of last Acquisition: 2023
Days & Hours of Operation: Monday to Friday From 10:00 AM to 7:00 PM Saturday From 10:00 AM to 6:00 PM Sunday 10:00 AM to 5:00PM Sunday From 10:00 AM to 5:00 PM
Owner Hours Per Week: Part Time
Non-Owner Payroll: N/A
Employees: 2
Real Estate: N/A
Monthly Rent: N/A
Type of Location: Shopping Center
Square Footage: 1564
Franchise: No
Reason For Sale: Busy with other business Interest