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Listed by:

Armen Nazarian Business Brokers

Established Tobacco Smoke Shop In Michigan For Sale

Wayne County, Michigan, US
Asking Price:
$199,000
Sales Revenue:
$1,000,000
Cash Flow:
Not applicable

This is a great opportunity to own an established, high volume and profitable Smoke, Tobacco and vape Shop in Suburban Wayne County. Established in 2011, this 4,800 sq ft free-standing store is located on a major busy road surrounded by plenty of residential and commercial properties. Completely remodelled in 2020 with all new Custom Fixtures, LED Lighting, Flooring, Walk-In Humidor, Signage and more. High-end POS system with 2 stations and over 5,000 customers in the database.

Plenty of space to add Lounge, Beer/Wine, Gaming, Lottery or other ideas. Specializing in CBD, Kratom, HHC, Glass, Vapes, Mushrooms, RYO, Cigars, Tobacco, E-Cigarettes, Apparel, Smoking Accessories, Supplies, Packaging, Novelties, Equipment and so much more. The current owner does not advertise...a new owner/operator with some creative advertising/marketing along with creating an online store presence, expanding additional product lines, opening additional locations, increasing hours of operation and/or opening on Sundays will have HUGE potential to grow the already solid numbers. Great frontage and extra signage on a very busy main road. The absentee owner is the reason for selling. A must-see/have a business that will not last long!

Owner is offering seller financing and training. Seller is entertaining all reasonable offers.

Property Information

Real Estate:

Lease

Premises Details:

Completely remodeled in 2020 with all new Custom Fixtures, LED Lighting, Flooring, Walk-In Humidor, Signage and more. High-end POS system with 2 stations and over 5,000 customers in database. Plenty of space to add Lounge, Beer/Wine, Gaming, Lottery or other ideas. Specializing in CBD, Kratom, HHC, Glass, Vapes, Mushrooms, RYO, Cigars, Tobacco, E-Cigarettes, Apparel, Smoking Accessories, Supplies, Packaging, Novelties, Equipment and so much more.

Size in square feet:
4,800

Business Operation

Expansion Potential:

Current owner does not advertise...a new owner/operator with some creative advertising/marketing along with creating an online store presence, expanding additional product lines, opening additional locations, increasing hours of operation and/or opening on Sundays will have HUGE potential to grow the already solid numbers.

Reasons for selling:

Absentee Owner/Other Business Interest

Employees:
2 FT / 1 PT
Years established:
12

Other Information

Support & training:

Seller will Train

Financing available:

$199,000 with $99,000 down. 8% int., amortized over 84 months. Balloon due in 48 months

Inventory / Stock value:
$100,000