Gross Revenue: $240,000
* not included in asking price.
Successful Vape Shop AMAZING Deal!
Upscale Vape Shop (Open to lease takeover)
We have an amazing opportunity for anyone looking for high ROI and very low risk!
We are grossing $18,000 to $23,000 per month! We are netting $4,000 to $6,000 per month! These numbers will be verified by buyer upon request via bank statements and point of sale system. Purchase Option 1: $12,000- Buyer takes over lease and retains all existing customers. (Inventory and furniture not included). Buyer will need to furnish space and stock with inventory. Purchase Option 2: $77,000- Buyer takes over lease and gets all inventory (60K+ retail value in stock) and gets all furniture (15K value). This means you are getting a turn-key proven business for basically free! If you plan on opening a store on Westheimer this is THE BEST option!! Essentially, if you open a shop similar to us it would cost you the same or more as rent is rising!!! Jump on this AMAZING opportunity! This business will sell quickly at this price. This business has been open two years and has been growing at a very fast rate month after month. - Business has grown over 350% since opening in 2014 - Vaping is one of the fastest growing industries - E-Cig Parlor is one of the nicest vape shops in Houston - Great reputation in pricing, selection, and customer satisfaction - Community involvement through hosting vape meets and car meets while increasing profits - High margins, quick ROI - Low risk - Easy to manage - Minimal owner involvement in day to day activities; self-sufficient - Business instagram page has over 5,700 followers which is included in purchase. You can use this as a marketing tool for the store. - Located in a busy shopping center with large anchor tenants (Office Depot, Walgreens, TDECU Bank, Firehouse Subs, Becks Prime and Kim's Tea House. - Location is on Wertheimer Rd. A busy main road which hits 100K+ cars per day *According to Wells Fargo which assiduously tracks the e-cig market, sales are expected to hit $10 billion by 2017. That's still just a relatively small percentage of the overall $100 billion tobacco industry, but with triple-digit growth rates still in its future, e-cigs have the potential to eventually surpass tobacco sales. *- Cited at bottom of page (http://www.fool.com/investing/general/2014/03/26/e-cig-market-grows-up.aspx) [© 1995 - 2015 The Motley Fool. All rights reserved.]
Inventory: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The 1,500 SQFT facility is well furnished with upscale decor and furniture. We are paying $2,711 per month in rent. We are in a 3 year lease with 1 year left with an option to renew. There is $24,000 landlord build out renovations and $15,000 furniture and over $60,000 retail value in inventory.
Competition: There are several other vape shops in a 5 mile radius; however, none of this caliber. Many of our customers state that we are the nicest vape shop in Houston; hence, making our business more marketable. They also state we have the best selection of juice, hardware, and accessories over any other shop in our surrounding area. Moreover, they also state that we have the best pricing in the area. This makes the business grow faster through competitive pricing. The business is located in a busy shopping center with large nationwide chain tenants.
Growth & Expansion: The vaping industry is planned to grow to a 10 billion dollar industry by 2017. We have a lounge atmosphere where we could easily launch an e-hookah lounge (rent out e-hookahs) like a hookah bar. We are currently launching a juice line which can increase profits and can be included in the sale.
Support & Training: Owner and operators will train buyer/manager/employees until comfortable for up to 1 week. Buyer will have access to all wholesale and distributor accounts.
Reason for Selling: Owner is moving to California for family and business venture.
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