Listing ID: 74990
Best Smoke Shop in the area and Essential Business! Located on a very Busy Prime Intersection with a corner location in a Plaza with great visibility. Family operated, this location is an easy to operate business, very clean and great prices. 5-star ratings on Google and Yelp. This location has a large assortment of Tobacco, Vapor, Smoke Products and Accessories, and much more. Surrounding area includes multiple apartment complexes and this business has an already established loyal customer base. For more information, please contact Vinni Sapra @ via text/call to (480) 227-3184 or email to Vinni@wcibroker.com.
- Asking Price: $975,000
- Cash Flow: $393,828
- Gross Revenue: $1,500,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $300,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,820
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The business was founded in 2013, making the business 9 years old.
The deal shall not include inventory valued at $300,000*, which ins't included in the asking price.
The company has 3 employees and is located in a building with estimated square footage of 1,820 sq ft.
The property is leased by the company for $2,600 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nonetheless, the true factor vs the one they say to you might be 2 entirely different things. For instance, they may say "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or a variety of other reasons. This is why it is extremely important that you not rely entirely on a seller's word, but instead, make use of the seller's answer along with your overall due diligence. This will repaint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that profit margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations 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 vendors that must be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new clients? Most times, companies have repeat clients, which create the core of their day-to-day profits. Certain elements such as brand-new competition growing up around the area, road building, as well as employee turnover can influence repeat clients and negatively impact future revenues. One important point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the chance to build a returning consumer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? How might the regional typical home income effect future earnings potential?