$500,000 NET Absentee-Run Busy and Profitable Smoke Shop!!!

Glendale, AZ
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Asking Price:$1,850,000
Gross Revenue:$1,610,000
Rent:$7,400
Cash Flow:$500,000
Inventory:$225,000
FF&E:$85,000
BUSINESS DESCRIPTION

Amazing Location and Lease in Place!!!!

If you are looking for a very profitable smoke shop in the West Valley with staff in place with the owner that produces over $500,000 net profit in the owner pocket after all expenses and an average of $130,000 per month in Gross Sales with amazing seller financing terms and solid client base in a great location surrounded by corporate tenants with exposure to a major road and competition far away and a cigar humidifier room and amazing FF&E then look no further. This smoke shop is situated in a 4000 sq.ft. suite in a strip center with tons of frontage view to a major road surround and they are using only 2,400 square feet of space so it could be expanded. The rest of the space is used as storage. The lease is amazing as well at $7,300 per month all in with 3 years left and 5 year option. The store boasts around $225,000 of the top of market inventory, carefully selected from years of experience from the owner and is included in the price. It is truly turn-key and has room to grow by continuing the trend of the current owner. The owner spends around $10,500 in payroll a month so if you run it yourself add another $126,000 NET to the yearly total. Hurry up these deals don't last for these once in blue moon opportunities.


DETAILED INFORMATION
Location
Glendale, AZ
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,000
Lease Expiration
31/12/2027
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
4000 sq.ft. space taking two suites with exposure to a major road with tons of traffic
Growth & Expansion
Tons of room for growth with more online marketing and time. Also the Seller is adding lottery and #10 Beer and Wine License in October which add more revenue streams.
Support & Training
2 Weeks after Sale
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Mike
Darmo
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Mike Darmo