Profitable Smoke Shop Near Downtown Long Beach

Long Beach, CA (Los Angeles County)

Profitable Smoke Shop Near Downtown Long Beach
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Asking Price: Get Financing: $89,999

Cash Flow: $94,000

Gross Revenue: $340,000

EBITDA: $94,000

FF&E: $25,000

Inventory: $35,000

Real Estate: N/A

Established: 2016

Profitable Smoke Shop Near Downtown Long Beach

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Business Description

Located only a few minutes from popular Downtown Long Beach, this modern smoke shop was recently updated and has about 700 square feet of retail space in a great location. The location is adjacent to a liquor store and has plenty of foot traffic. This business is open 7 days a week currently.

Employees are willing to stay on and continue running the shop or can supplement an owner operator. Owner can substantiate inventory purchases with individual receipts and franchise tax payments that will demonstrate a growing revenue stream. Sale includes approximately $35,000 in inventory at cost.

The owner is highly motivated and is willing to entertain all reasonable offers. He lives out of the area and the business is currently being absentee run. This location has only been open for approximately 2 years and has shown steady growth since opening. Lots of potential here!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
700
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Owner is willing to provide support for a new owner. Terms can be negotiated
Reason for Selling:
Owner moved out of area and the business is currently being run absentee
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Contact the Seller

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Nick Mercuro

Business Listed By:
Nick Mercuro

Pacific Business Advisors

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Sponsoring Broker:
Fred Mercuro

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