Cigar Store & Cigar Bar For Sale
Location United Kingdom
Asking Price Range $500K - $1.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 1 - 3
Inventory 60000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Given.
Reason for Sale Moving.
Description One of the very few specialist-tobacconist cigar stores in London, which also has a fully licensed cigar bar. The smoking area fully complies with the proposal for exemption from the new smoking ban regulations coming into force July 2007.
Be the owner of the last cigar smokers' retreat in Central London. Exclusive location in St Johns Wood area. Stylish design and comfy atmosphere. Well established clientele. The owner is moving abroad and regretfully has to sell the business.
Property: Leasehold.
Lease terms: 10 years lease. 4.5 years left. Easy extendable.
Location: Conveniently located just off Finchley Road, in a prestigious shop parade in Fairfax Road, NW6. Parade includes Charles Page Furniture Shop, Singapore Gardens Restaurant, Beauty Salons, etc. Just a five minutes walk from O2 centre and either Finchley Road or Swiss Cottage tube stations.
Expansion potential: The owner anticipated a forthcoming smoking ban in public places and built a cigar bar in the basement of the store. Being a specialist tobacconist, the shop is going to be one of the very few places in London where you could smoke a top quality Cuban cigar, if a proposal for exemption from the ban goes through. Business has a well promoted, fully selling web site, which is included in the price.
Competition / Market: The only specialist tobacconist store in Hampstead, St Johns Wood, Swiss Cottage, Golders Green area and NW London.
Support & training: Full Training and support will be given to a prospective buyer.
Reasons for selling: Owners moving abroad to a warmer country by December 2006.
Trading hours: 10.00 am - 11.00 pm.
Furniture / Fixtures value: Aœ70,000.
Inventory / Stock value: Aœ30,000.
Contact for more information on this Cigar Store & Cigar Bar for sale.
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