Listing ID: 74978
Business Overview
Famous Smoke Shop for Sale in Phoenix! Located on a Corner Lot off of a Prime Intersection. Semi-Absentee, this location has been Remodeled with a New Image. The Shop is very clean and organized. Seller advises good profit margins. 5-star ratings on Google and Yelp. This location offers Glass, Vape, and CBD, Beer and Wine, Liquor License #10. For more information, please contact Vinni Sapra @ via text/call to 480-227-3184 or email to Vinni@wcibroker.com
Financial
- Asking Price: $649,000
- Cash Flow: $305,808
- Gross Revenue: $1,140,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $200,000
- Inventory Included: N/A
- Established: 2016
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
2-weeks
Moving out of country.
Additional Info
The venture was founded in 2016, making the business 6 years old.
The transaction shall not include inventory valued at $200,000*, which ins't included in the suggested price.
The company has 4 employees and resides in a building with approx. square footage of 2,400 sq ft.
The building is leased by the company for $5,700 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. However, the true reason vs the one they say to you might be 2 totally different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of other reasons. This is why it is really vital that you not depend totally on a vendor's word, yet rather, utilize the seller's answer together with your general due diligence. This will repaint a much more practical image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover points like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that earnings margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new customers? Most times, companies have repeat customers, which develop the core of their daily revenues. Particular variables such as new competition growing up around the location, roadway building and construction, as well as staff turnover can influence repeat clients and negatively impact future profits. One essential point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the higher the possibility to construct a returning consumer base. A final thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional typical home income effect future revenue potential?
