Description
This is an amazing opportunity to own your own smoke and vape shop on an extremely busy road. This shop has been established for many years, and the current owner has operated it for nearly 10 years. He has built a loyal clientele who come to buy vapes, juices, and vape accessories. The seller maintains spotless records of all sales through the POS system, which also tracks inventory and makes ordering new products hassle-free. In 2023, sales reached $454,940, with a cash flow of $128,684, which is incredible for a smoke and vape shop.
The business is situated in a bustling area of Downriver, providing excellent visibility from the road. It features a large parking lot to accommodate many customers. The interior has recently been remodeled and is well-organized, including a small seating section inside the store. There is also ample space to add new products that the current owner does not carry. The 1,620 +/- square foot building has been upgraded to give it a more upscale appearance, and the parking lot has been recently resurfaced.
A new owner can grow the business by expanding the product line, acquiring a smoking license, and increasing marketing efforts in the area. This is a turn-key business for an owner-operator with a great history and a loyal customer base.
Get More InfoBusiness Overview
| Revenue | $454,940 |
| Cash Flow | $128,684 |
| Inventory | $ |
| Year Established | 2016 |
| Seller Financing | Yes |
| Employees | 2FT 2PT |
| Asking Price | $300,000 |
Key Statistics
- Hours of Operation: Mon - Sat 10am-9pm, Sun 10am-5pm
- Employees: 2 Full Time 2 Part Time
- Year Established: 2016
- Year Acquired: 2016
- Liscence Required: Sales Tax
- Seats: N/A
- Parking: Ample
Financial Information
- Gross Sales: $454,940
- Source: Seller Provided Financials
- Cash Flow: $128,684
- Source: Seller Provided Financials
- Inventory Value:
Seller Financing
- Business Price: $300,000
- Down Payment: $125,000
- Monthly Payment: $3,548
- Interest Rate: 8%
- Amortization Period: 60
Location
- Real Estate Price:250,000
- Purchase Terms: 8% / 10 years
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.