Exploding Electronic Cigarette, vapor lounge & gift Shop
Will consider selling up to 50% and reamain a working partner
Fort Lauderdale, FL
Very profitable novelty gift shop as well as an electronic cigarette superstore & vapor lounge. 2 stores in 1 - Secret Moments & Vapor Hot, well established retail shop in upscale Fort Lauderdale Beach area. Great long term lease, located between a 24 hours private men's bath house and a 24 hour 7/11 - Our hours are 9 AM to 3 AM and 24 hours on week-ends. We sell a large variety of products, a full line of electronic cigarettes, vaporizers, e-juice, hot novelties and gifts plus a large collection of smoking accessories and grinders. We also operate 2 fully functioning e-commerce site but are not yet generating many sales. Florida is expected to legalize medical marijuana in November, smoke shops are bound to explode in sales once this is passed. This is a very nice 1700 SQF shop and includes vapor lounge for events, back office with shipping area plus lots of storage. Includes all inventory and it is fully stocked valued at about $75K w/fixtures - We employ 10 great team players, most work full time at a rate of about $10/hour - A complete store manual is in place for new employee training. This is a turn key store that can be operated by owner for a higher return or as an absentee owner. It is completely operated by a cloud based POS system that allows you real time reports, employee and inventory control & much more, NO software needed just a Firefox browser on any computer. And can easily be duplicated to add multiple locations. Manages all vendors & PO's as well receiving for over 30 vendors here in the USA as well as in China. Also has an app that can be used to completely manage the store from your phone or tablet. store is equipped with a state of the art IP camera system that allows you to see, listen and talk through each camera's 2 way audio. With cloud recording capability.
Last 60 days Revenue: $138K
Profit: $83K 62 %
-40K overhead = 43k NET PROFIT
Approx fixed overhead
Rent $2,000 great terms for this area
Salaries $12,000 for 10-11 employees
Sales have increased for the last 6 years in a row and the last 90 days have exploded due to the E-cig and vaporizer sales growth. And an aggressive marketing campaign. I am only asking $650,000 for this fast growing company, a very fair price considering that the 'VaporHot" name alone can easily be branded and franchised and has so much potential for growth in online sales. I will consider reducing the asking price by 100K if the name "Vapor
Hot is not used, I will keep the name. This shop has 1000's of loyal returning customers since 2000, we are a well established & very well known retail store in one of the nicest part of Fort Lauderdale, Florida. I am also open for a partnership and would sell a percent of my company, minimum $300,000 - And we can continue to grow together and open other stores as I will continue to invest in the e-cig and vaporizer industry here in Montreal, Canada as well as in the USA. .
Added on April 19 - Due to a lot of interest in this shop, I will be showing it next week starting on the 22, if you are interested in seeing this location contact me to set up a time and day. NOTE that I am not flexible on the asking price, it is firm at $650K for a complete buy out - $550K without the Vapor Hot name or $300K to come in as a partner and we can open other vapor shops in the U.S. and Canada. The vapor industry is exploding all over North America, and new vape shops can be opened fast at a cost of anywhere from $30K to 75K - depending on size and location. Why am I selling? Since a motorcycle accident I need to spend an undetermined period of time in Montreal for medical reasons. I am not always able to go back and forth from Montreal to Florida as I have done in the past. I currently manage and support the store but need to go back to get fitted for a new prosthetic leg. But it is nothing that prevents me from working and continue to invest in this explo