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EXCLUSIVE CIGAR LOUNGE & MEMBERSHIP CLUB

Westchester County, NY
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Asking Price:$179,000
FF&E:$196,500
Gross Revenue:$41,428
Established Year:2017
Listing ID: 2296334Listing provided by BizBuySell
BUSINESS DESCRIPTION

Operating and ready to go, be your own boss.

Established in 2017, this exclusive private cigar club and lounge caters to individuals over the age of 21 who appreciate the world’s finest cigars and the camaraderie of like-minded enthusiasts. Offering two membership models— individual humidor memberships and corporate memberships for up to four individuals—the club also provides guest passes for non-members. Spanning 2,200 sq. ft., the facility boasts a luxurious Grand Lounge with plush leather seating, a glass-enclosed walk-in Humidor Vault, and a private suite ideal for business meetings and private events. The suite can host 10-60 attendees for meetings and 50-100 for receptions. The business maintains a strong online presence through a developed website, Facebook, and Yelp, positioning it as a refined destination for cigar aficionados.

DETAILED INFORMATION
Location
Westchester County, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,200
Lease Expiration
31/12/2033
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Spanning 2,200 sq. ft., the facility boasts a luxurious Grand Lounge with plush leather seating, a glass-enclosed walk-in Humidor Vault, and a private suite ideal for business meetings and private events. The suite can host 10-60 attendees for meetings and 50-100 for receptions.
Competition
The private club industry is expected to reach $25.8 billion by 2027, with an annual growth rate of 11.2%. In addition, the number of cigar lounges in the US increased 2.9% from 2022 to 2023, reaching a total of 3,016.
Growth & Expansion
Partnerships with luxury brands to host co-branded events and products. Expanding event offerings; hosting cigar education programs, such as tastings and pairing workshops to engage and retain members Developing an online platform for premium cigar and accessory sales to create a new revenue stream.
Support & Training
2 weeks at 20hours/week
Reason for Selling
New Business ventures
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Anthony
Tarricone
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Anthony Tarricone
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