Business Overview

Do you have $100,000 in the bank account to show?

Put down $45,000 cash to buy to this Great Business Opportunity.

Your cash flow will be approximately $10,000 / month cash flow before your debt service?

The store that has been in business for three years – is located on one of the busiest streets on the Border of DuPage County and Cook County.

Elaborated with modern showcasing and comprises a large amount of starting smoke shop inventory ranging from vapes, tobacco, glass pieces, Cigarettes, cigars, glass pipes, vape products, CBD products, cratom, etc.. as well as a large selection of Shisha.

Store operating expenses can be minimized if managed by the owner as a hands-on owner.

Two full-time staff/cashiers are working now. A store has an immense possibility for a proprietor who will devote their full time to it.

Strong consumer base solidified; However, the owner must sell due to other full-time obligations. He will no longer operate the store to maximize its full potential.

* Annual Revnue of $1,364,000
* High Volume Store Avg $113,000 per month at high margin.
* Total store profit margin exceeds 22%
* Low Payroll 39,000.00 plus payroll tax
* Property Rent $4,168.00
* Credit Card Fee $15,320
* Sales Tax $99,283.00
If you need more information, fill out the attached NDA and buyer’s profile form and send it via fax or email. See info
in the attached NDA.
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Bank has pre-qualified the business for SBA financing and will finance If you are
1- US Citizen or permanent resident with
2- Related retail verifiable experience through
3- Has $100,000 to show in your bank account.
4- Minimum Credit score of 650 or more and have no new slow pay or past due in the last 24 months.
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Disclosure: Information is obtained from a reliable source, but the accuracy of the information is not guaranteed. The buyer must verify the data, as presented by the seller, before signing the purchase agreement and at the buyer’s own risk.
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Financial

  • Asking Price: $380,000
  • Cash Flow: $120,000
  • Gross Revenue: $1,364,211
  • EBITDA: $150,000
  • FF&E: $150,000
  • Inventory: $175,000
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1200 Sq Ft

Is Support & Training Included:

Yes, as needed

Purpose For Selling:

Other business interest and

Opportunities and Growth:

Good Potential to increase the sale. Currently, run absentee. If the owner works there, it would benefit from the owner's management and control the waste and potential leakage

Additional Info

The business was founded in 2017, making the business 5 years old.
The sale shall not include inventory valued at $175,000*, which ins't included in the requested price.

The company has 2 employees and is located in a building with disclosed square footage of 1,200 sq ft.
The real estate is leased by the company for $4,167 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. However, the true factor vs the one they tell you may be 2 totally different things. For instance, they might say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be excuses to try to hide the reality of altering demographics, increased competition, current reduction in earnings, or a variety of various other reasons. This is why it is extremely important that you not count completely on a seller's word, however rather, make use of the seller's response along with your overall due diligence. This will paint a more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies borrow money with the purpose of covering points such as stock, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new customers? Most times, businesses have repeat clients, which create the core of their daily earnings. Particular factors such as brand-new competition growing up around the location, road building and construction, as well as employee turn over can affect repeat customers and negatively influence future incomes. One crucial thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business often, the greater the chance to build a returning consumer base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional typical house earnings influence future revenue potential?