Listing ID: 84005
Great opportunity to own your own business with options for the new entrepreneur. Purchase this well established, very profitable business. This is a roll your own tobacco store. Offering a wide variety of cigarette and pipe tobacco including a house blend, glass and water pipes, smoking accessories, a very large selection of rolling paper. Inventory includes cigarette cases, incense, hookahs and hookah supplies and more. There is even a walk-in humidor! This location and the Gaylord store both have a ‘smoking exempt’ permit allowing the customer to sample products on site. Relax, enjoy and discuss options and blends. This business is located in a leased unit in a mini shopping plaza. One additional location in Gladwin (MLS# 201805874). Gladwin Store offers an optional purchase of real estate.
- Asking Price: $295,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Negotiated in contract
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the real factor vs the one they tell you might be 2 absolutely different things. As an example, they may say "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a variety of other factors. This is why it is very vital that you not depend absolutely on a vendor's word, yet instead, make use of the seller's response along with your total due diligence. This will repaint a more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that earnings margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new customers? Often times, businesses have repeat consumers, which form the core of their everyday earnings. Certain factors such as brand-new competition growing up around the location, road building, and also employee turnover can affect repeat customers and adversely impact future earnings. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the opportunity to develop a returning consumer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the local typical household income influence future income prospects?