37464-Specialty Tobacco Retailer with Video Rental Store

TX

37464-Specialty Tobacco Retailer with Video Rental Store
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Asking Price: $900,000

Cash Flow: $70,000

Gross Revenue: $757,000

EBITDA: N/A

FF&E: $23,000

Inventory: $200,000

Real Estate: N/A

Established: 2005

37464-Specialty Tobacco Retailer with Video Rental Store

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Business Description

REDUCED. All inclusive with property, inventory and equipment! This retail business specializes in the sale of tobacco products. The primary products are cigarettes, cigars, snuff, roll-your-own, pipes, vaporizers, e-cigarettes, humidors and smoking accessories. The company also provides movie rentals and snacks. The 2,500-square foot facility is located South of Dallas-Ft. Worth (DFW) near popular lake destination. Offering these services requires a facility to display and store inventory, a special humidor room for cigars, and knowledgeable personnel to assist customers. The company has a proven track record, supported by its 13 years in business and the longstanding reputation it maintains with its customers. Revenues have decreased over the past few years due to an ongoing construction project to widen the road directly in front of the business, making it inconvenient for customers to get to the business. The road is expanding from two lanes to five and construction is set for completion at the end of 2017. Last year, total revenue was $757,214 with Discretionary Earnings of $70,000, rounded. As of November 1st, sales have passed projections and set new projections over $750,000 once again. Two unnecessary employees leaving during 2017 should increase profit margins for 2018.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
The owners are available for a reasonable transitioning. One needed employee will be staying on.
Reason for Selling:
Approaching retirement.
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IAG Buyer Division

Business Listed By:
Buyer Division

IAG

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