Established - Cigar (Smoke) Shop - Great Location -Hight Net- Low Rent
Asking Price: | $220,000 |
Gross Revenue: | $480,000 |
Rent: | $3,140/Month |
Cash Flow: | $170,000 |
Inventory: | $65,000 |
Turn key Cigar (Smoke) Shop - Profitable – Easy to Manage – Top Location – Semi Absentee.
Great opportunity to own an attractive build, high volume, high gross profit, major busy intersection location, high net, Smoke Shop located in an upscale and desirable, North side of city of Clovis in Fresno County, California.
Located on a major busy street in prestigious business center / strip mall, which is fully leased out, having many fast food restaurants ensures high volume of vehicle and foot traffic and a steady stream of clientele. Additionally, this business is strategically located adjacent to very thick residential, apartment complexes as well as business communities having no competition in the area at all.
Please note, that this business has high gross profit due to high volume of branded cigars, glass pipes, CBD, Kratom, Cigars, Hookah and smoking accessories, Gifts resulting in a high net profitability of this business. We have a custom build, temperature controlled, Walk IN Humidor, made of aromatic Spanish Cedar wood - to keep cigars fresh on a certain level of humidity and temperature.
Estimated inventory is $ 65.000,- Which is NOT included in the sale price.
Gross Revenues Average Approx. : 40.000,- Monthly
Total Current Rent: $ 3140, - PM
Store open 7 days a week (Mon. to Sat 10:30 AM to 7:30 PM & Sun 11:30 AM to 6:30 PM).
Potential buyer may increase opening hours. Can also add more services as: Lottery, Check Cashing, ATM, Drinks etc.
Long lease remaining 1 years with additional 5 years option to extend.
Reason for selling: Family re-union. Relocating to another city.
Serious Buyers ONLY.
Qualified buyers are invited to execute an NDA and provide Proof of Funds to further pursue this acquisition opportunity.
Contact Mo at: 559-818-9289
Email : monty2young@gmail.com