Outstanding High Volume Smoke Shop

Kent, WA (King County)

Seller Financing Available
Outstanding High Volume Smoke Shop

Asking Price:$190,000

Cash Flow:N/A

Gross Revenue:$443,580

EBITDA:N/A

FF&E:$20,000

Inventory:$50,000

Established:2012

Outstanding High Volume Smoke Shop

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Business Description

Location, Location, Location. This business is located on one of the busiest highways in Kent. It is a 1200 square foot stand- alone building that has possibilities for expansion into a second or auxiliary business. The business offers a complete selection of all types of tobacco and tobacco products, cigar and cigar accessories, and E-Vape products and accessories. It specializes in the sale of unique and hard to find Hookahs and water pipes. The current owner has other business interests and needs to focus his attention on those projects. The owner has done no promotion or advertising and relies on the visibility of the location and word of mouth to attract customers. The business has built a strong base of loyal customers on its variety of products, the quality of the products, its friendly and knowledgeable service, and its fair prices. The lease on the building is outstanding at only $1,060 a month. The space in the back of the building could possibly be another business or used to expand this one. The new owner could add additional products or possibly add a beverage shop to the existing business. This is the perfect owner – operator business and has many possibilities for increased growth. There is virtually no competition around this business. There is Seller financing terms with $100,000 down, 3 year term, at 6% interest. $89,000 Price Drop - price includes $50,000 in inventories.

Detailed Information

Inventory:
Included in asking price
Employees:
3 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a stand-alone building located on one of the busiest highways in Kent. It has great visibility and has almost no competition in this area of Kent. The building is 1200 square feet and only half of it is used for this business – which allows the new owner to possibly expand the business or create an auxiliary one. The base rent is $1,060 a month plus NNN charges of about $200 per month. The Lease runs till 3/31/2022 with 3% annual increases to the base rent per year.
Competition:
There is no immediate competition around this store – the business has built a strong base of loyal repeat customers on word of mouth and the great visibility of the business location.
Growth & Expansion:
The current owner does not work at the business and what this business really needs is an owner – operator. The owner has done no promotion or advertising and relies on the visibility of the location and word of mouth to attract customers. The space in the back of the building could possibly be another business or used to expand this one. The new owner could add additional products or possibly add a beverage shop to the existing business. This business has many possibilities for expansion and growth.
Financing:
Cash or Seller financing with $100k down, 3 year term, at 6% interest.
Support & Training:
The seller will provide up to 2 weeks of onsite training on the day to day operation of the business and introduction to all suppliers and vendors.
Reason for Selling:
The Seller has other business interests that require his full time attention.

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Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

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