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* Smoke Shop Biz - Smokers' Wonderland at Bargain Price

Monmouth County, NJ

* Smoke Shop Biz - Smokers'  Wonderland at Bargain Price
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Asking Price: $70,000

Cash Flow: $34,800

Gross Revenue: $128,400

EBITDA: N/A

FF&E: $12,000

Inventory: $10,000*

Established: N/A

*not included in asking price.

* Smoke Shop Biz - Smokers' Wonderland at Bargain Price

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Business Description

This “double” store of approx. 500 sq. ft., situated on a busy traffic street in one of Monmouth County's highly popular resort communities. This one-person operation has successfully served this clean, safe neighborhood and community, as well as numerous visiting guests, by providing quality tobacco and tobacco related products, including the new popular vapor/ electronic alternatives, s.a. Vape, Ecig, Vaporizers, Best E-liquid, hookah pipes and more.
The Business's general annual operating expenses in total are a mere $ 21,591, which is quite low for its geographic market area. The current lease rent rate of $1,250 per month [including heat and water] will remain unchanged for the next 2 years and then increase by only $ 50 to $1,300 per month for the next 2 years. Currently, the business utilizes only ½ of its total available area. A new owner can either expand into the adjoining space or sublease the now vacant space to another business; thereby reducing rent expense in total and increasing the owner's cash flow.
Adding a NJ Lottery machine and an ATM machine should trigger an improvement in customer traffic and thereby contribute to an overall increase in income and cash flow to the owner.

Hours of operation are also quite attractive: Opens weekdays at 11 AM and closes at 9:00 PM. Weekends, later start and earlier close on Sunday.

Current Seller's Annual Net Income to Asking price is better than a 1 to 1 ratio; a most favorable incentive and highly desirable situation to pursue for anyone who is familiar with general pricing norms of comparable type businesses.

Not bad at all ...

Detailed Information

Location:
Monmouth County, NJ
Inventory:
Not included in asking price
Employees:
1 full time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Expendable into the adjoining space or sublease the now vacant space to another business; thereby considerably reducing its own rent expense and increasing own cash flow. The lease with the current $1,250 per month rent [including heat and water] remains unchanged for the next 2 years; Addition of the NJ Lottery and ATM machines shall also improve the customer traffic and contribute to the overall increase in income and cash flow to the owner please see full description above
Competition:
Non of comparable biz in the immediate area
Growth & Expansion:
Addition of the NJ Lottery and ATM machines shall improve the customer traffic and contribute to the overall increase in income and cash flow to the owner
Support & Training:
Reasonable time for smooth transition
Reason for Selling:
Unable to devote time and attention due to involvement in other businesses
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(from currently available funds)
 
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Andrey Samarov

Business Listed By:
Andrey Samarov

Martin H. Hochadel Agency

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Sponsoring Broker:
Ron Bird

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