Return to search results

Smoke Shop - 20+ Years of Operation - Unmatched Profitability!

Desert Hot Springs, CA (Riverside County)

Smoke Shop - 20+ Years of Operation - Unmatched Profitability!
Contact Seller

Asking Price: $495,000

Cash Flow: N/A

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: N/A

Inventory: $100,000*

Rent: $2,460 /Month

Established: 1998

*not included in asking price.

Smoke Shop - 20+ Years of Operation - Unmatched Profitability!

Save Print Share Valuation Report

Business Description

Smoke Depot has High Profits and Low Expenses! Sale Price $495,000+Inv

Located in a very busy shopping center anchored by Vons. Our shopping center has the only McDonald's, Del Taco, and Subway in the entire densely packed city of Desert Hot Springs. Starbucks is located right across the street so there is a lot of foot and car traffic that runs by Smoke Depot on a daily basis! Check Into Cash (Check Cashing) located two doors down provides us with ample foot traffic every day and especially on the first of the month and Fridays for very big ticket sales! This location cannot be beaten by any existing or any new competitors in the entire city! Smoke Depot is known in the community for providing the best prices on cigarettes, glass, and vapes too! Smoke Depot has the LARGEST vape, glass, and cigarette selection in the entire city leaving no customer searching for an alternative!

Hours of Operations
Monday - Saturday 8:30am to 8pm
Sunday 9am to 5pm

Financials
Yearly Gross Sales: $1.1 million +
Take Home Net Profit for Owner: 28% to 30%
Take Home Net Profit for Owner: $280,000+ to $300,000
(Please note our calculated Net Profit is very conservative - we will happily verify all income and profit margins)

We have seen store sales grow at about 30% per month from 2017 to 2018 and anticipate a more conservative rise as the marijuana boom takes further effect in Desert Hot Springs.

Sales expected to rise with the new influx of residents after the marijuana boom in Desert Hot Springs. The city of Desert Hot Springs has become a central hub for major corporations in the marijuana industry to establish grow centers and retail dispensaries in the area leading to more smoke shop target specific customers coming to the neighborhood. We anticipate a sales growth in vape, vape juice, vape accessories, glass and glass accessories further pushing profits margins higher. The city is also pushing more favorable initiatives to attract even more large marijuana corporations to the city which will lead to more jobs and locals in the area.

Sale Price $495,000+Inventory. (Inventory is over $100,000)

We will happily verify all income and encourage you to take a site visit. Please call or text in advance to schedule a date and time.

Detailed Information

Location:
Desert Hot Springs, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
2
Facilities:
We have a fantastic landlord with 2 years remaining on the current lease and one 5 year option available. Landlord will easily continue lease after 5 year-extension as this business has been a pillar in the community for over 20 years. Very low lease rate! Brand new LED signage and newly replaced AC!
Competition:
This smoke shop arguably does the most sales in the entire Coachella Valley and may be among the best in the state!
Financing:
All cash offers only.
Support & Training:
Will provide detailed training for operations, licenses & permits, and inventory vendors
Reason for Selling:
Focus on other business venture.
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Business Listed By:
Not Disclosed

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1558588 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


SuperCuts

Franchise Opportunity
Capital Required: $75,000