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Businesses For Sale   >>   Retail Businesses For Sale

Hollywood Smoke Shop With Parking & Prime Visibility

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $120000
Net Profit / Cash Flow  $27875
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2014
Number of Employees  1 - 3
Inventory  40000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
This newly opened absentee operated smoke shop is located one of the most heavily trafficked corridors of Hollywood. The shop boasts excellent street visibility that is provided via its street side marque sign board, as well as the store's attention grabbing storefront signage. The smoke shop offers patrons easy access via two street entrances, as well as convenient onsite parking lot. The store is heavily pipe focused, however, new management may take it in any direction they wish to. At present its sales are evenly divided between pipes, vapor and cigarette sales, with some minor accessory sales. The seller may be willing to finance a portion of the sale. All serious offers will be entertained, as this was a side project for the seller. Asking Price $19,000. This 500 square foot smoke shop leases for $1,200 per month on a sub-lease until January 2016, with one three year option. All of the business's furniture, fixtures and equipment will be included in the sale. Approximately $40,000 in inventory will be sold at cost at close. The seller may consider a carry on a portion of the inventory. As smoke shops are popular in this area of Hollywood, competition certainly exists. This location has fantastic stand-alone marque signage, unique attention grabbing store signage, a pipe focused offered, and an onsite parking lot with access from the most heavily trafficked street artery in the area as well as a side street. As the current operator is new to the business and is only operating it as an absentee side investment, many opportunities exist for the full-time working owner or the seasoned operator who is familiar with the industry, its products, margins, etc


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