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Asking Price$99,000
Revenue$240,000 Established1995
Cash Flow$75,000 Employees1 full-time
FF&E$45,000* FranchiseNo
Inventory$40,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great business opportunity for this successful Smoke Shop & C-Store which also offers, Lotto, ATM and some food products. The owner is retiring after many successful years in the retail industry. The business sales represent 80% tobacco and the remaining income is derived from food products, Lotto and ATM. The customers receive unparalleled services and products from this highly successful Tobacco Shop and they are committed to deliver excellence in everything they market. Their customers feel confident that they are receiving exceptional products and the highest quality services. They carry the highest quality cigar brands, pipe tobaccos, and accessories, also ****** Tobacco & ****** accessories. If you are searching for a specific item that they currently do not have, they will do their best to get that item in for you. This tobacco Depot is your one stop shop for all your tobacco needs and they specialize in Roll Your Own (RYO) products and feature a wide selection of premium cigars from all your favorite brands. The sale includes a fully equipped commercial retail store, with various displays, shelving, refrigeration units, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has one employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $950. The business has an assignable commercial lease which expires 2016-01-01 plus additional options, with a monthly rent of $850 and rent security $1,800. The business is located on a commercial avenue in a retail setting which consists of 1,000 square feet and has a capacity for approximately ten customers. The facility has appropriate municipal parking near to the business location. The business is active 6 1/2 days per week, with hours from 9:00 am to 8:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state Lotto license to conduct its day to day business. This is a dependable wonderful and safe business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a dependable investment return to the owner operator prior to debt service. 2015 yearly income is $220,000 and yearly net income of $70,000 prior to debt service, inventory wholesale value based on dollar for dollar. The asking price is $99,000 and this sale is based on a multiple of the net yearly income along with the specific value of the assets and seller financing has been approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This attractive retail commercial facility consists of 1,000 square feet with clean modern appearance. The business is on a highly active commercial avenue with various other successful businesses and a great deal of daily shoppers. This opportunity is located in Monmouth County, New Jersey, which consists of numerous and highly populated communities with continued demand for this particular product.
Competition:To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no web site and if improved can further developed the business bottom line corporate income.
Training/Support:The owner will remain post-closing for 30 days and supply a transitional period.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many successful years in the retail industry.
Ad #86691
Seller Reference #RETL250
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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