Tobacco Shop

Schenectady County, NY

Tobacco Shop
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Asking Price: $119,000

Cash Flow: $50,479

Gross Revenue: $250,091

EBITDA: $48,779

FF&E: $31,823

Inventory: $31,985

Rent: $1,100 /Month

Established: 2004

Tobacco Shop

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Business Description

Easy to manage; high traffic location; loyal clientele.

The company is a well-established cigar, pipe and roll your own tobacco shop. The tobacconist carries products in various forms and most related accoutrements, such as pipes, lighters, matches, pipe cleaners, pipe tampers, ashtrays, humidification devices, hygrometers, humidors, cigar cutters and more. The company deals primarily with walk-in customers. It is a cash only business with no accounts’ receivables. All inventories are paid for when purchased, even though all suppliers offer credit terms.

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Detailed Information

Location:
Schenectady County, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The retail space is a 24’ x 50’ rectangle, totaling 1,200 square feet. Other tenants in the Plaza include a Liquor Store, a Fitness Center and 8 additional apartments on the second level.
Competition:
There are three competing tobacco stores within a 20 to 25-minute drive. The relative size of the operations is unknown.
Growth & Expansion:
Possible enhancements to the business would include some form of signage on the south corner of the Plaza. Holding more “cigar events”, adding new product lines and doing business with the local golf courses should all increase sales volume. Bringing in additional lines to expand the walk-in humidor is another possibility, as well as investing in a smoker’s lounge, which would require a move to larger space or possibly bringing in cigar rollers for the afternoon, to roll for customers. Establishing a company website, to develop an on-line shopping presence, should be the first priority.
Support & Training:
The current owner will stay on for a reasonable and negotiated transition period to train the buyer in all aspects of the business operation.
Reason for Selling:
Due to health considerations, the owner plans to relocate to a warmer climate.
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Kevin Kryskowski, ABI

Business Listed By:
Kevin Kryskowski

Business Intermediary Group LLC

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