EXECUTIVE SUMMARY
Established in 2012, this high-end smoke and vape shop represents an exceptional opportunity in East Hanover, NJ's growing tobacco retail market. Operating successfully for over a decade, the business generates $450,000 in annual revenue with strong profitability margins, producing $125,000 in EBITDA.
BUSINESS OVERVIEW
This well-established smoke shop operates as an absentee-run business, making it ideal for investors seeking passive income or owner-operators looking for a turnkey opportunity. The 1,400 square foot retail location maintains a strategic position in Morris County, serving an established customer base built over 12 years of consistent operation.
FINANCIAL PERFORMANCE
• Annual Revenue: $450,000
• EBITDA: $125,000 (27.8% margin)
• Lean operation with only 2 employees
• Profitable business model with strong cash flow
• Inventory valued at $200,000
LOCATION & LEASE TERMS
The business operates from a 1,400 square foot leased facility in East Hanover, NJ at $3,350 per month. The established location benefits from years of customer recognition and foot traffic patterns.
GROWTH POTENTIAL
Positioned in the expanding smoke and vape industry, this business offers significant upscaling opportunities. The absentee management structure demonstrates the business's operational efficiency and systems-dependent model.
OWNER TRANSITION
The current owners are consolidating their portfolio radius, creating this opportunity for new ownership. Comprehensive training will be provided to ensure smooth transition. Fixtures, furniture, and equipment valued at $45,000 support ongoing operations.
INVESTMENT DETAILS
Asking price: $275,000
Possible small amount of owner financing available for qualified buyers
This turnkey operation offers immediate cash flow in a growing industry with an established customer base and proven track record.
Ad#:2367969
