Popular Smoke Shop and C-Store in Newport County, RI - 31625

Newport County, RI

Popular Smoke Shop and C-Store in Newport County, RI  - 31625
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Asking Price: $139,000

Cash Flow: $110,000

Gross Revenue: $560,000

EBITDA: N/A

FF&E: $15,000

Inventory: $45,000*

Established: N/A

*not included in asking price.

Popular Smoke Shop and C-Store in Newport County, RI - 31625

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Business Description

Popular Smoke Shop and C-Store in Newport County, RI - 31625

UPDATE*** 6/2019 YEAR TO DATE SALES UP OVER 30%, $2000 per day due to the cigarette purchase age going up to 21 in nearby MA. Act now before the price goes up!!! Most of the increase is from E-Cigs at a high margin! Long established smoke shop and convenience store located just over the state line from MA. On January 1st the smoking age in MA is going to 21 which means a large increase in cigarette sales is expected, this store is the closest to the state line. The store does an average of $1500 per day with 35% of the sales at a high gross profit coming from smoke shop items including E-cigs, juice, oils, pipes smoking accessories and CBD oil and wax. 35% of sales are grocery items and 30% are cigarettes which is expected to rise. The store has been in this location for 80 years with 19 years under the current owners, Open 7 days a week and owner-operated. Seller is the landlord and willing to write a long term lease with the option to purchase the property that includes an large apartment upstairs. Unique opportunity with lots of upside at a below market price. Call Now!

Detailed Information

Location:
Newport County, RI
Inventory:
Not included in asking price
Employees:
1ft/2pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
139,000.00 Down & seller financing for Inventory
Reason for Selling:
Retirement
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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