Smoke Shop Well Established With High Sales Volume

Price: $160,000

Location: Long Beach

Industry: Smoke Shops

Listing ID: 01985561 HP

Listing Status: New

Description

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.

LISTING DETAILS

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

Operation

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

Location

Real Estate: N/A

Monthly Rent: N/A

Type of Location: Shopping Center

Square Footage: 1564

Franchise: No

Summary

Reason For Sale:

Busy with other business Interest

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER