$120,000 NET Absentee-Run Profitable Smoke Shop in Peoria!!

Peoria, AZ

Seller Financing Available

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Asking Price:$175,000
Gross Revenue:$500,000
Rent:$2,250
Cash Flow:$120,000
Inventory:$100,000
FF&E:$65,000
BUSINESS DESCRIPTION

Absentee-Run with Amazing an Lease and Location!!

If you are looking for a smoke shop in a highly desirable area that is surrounded by corporate tenants and bars and restaurants with tons of traffic and an always packed parking lot with tons of room for growth and opportunity than look no further. This smoke shop is currently ran owner absentee. Smoke shops are some of the most sought after businesses since a lot of landlords are not approving new ones being built and with the location of this one the competition is slim to none. The smoke shop mostly sells glass and vape items with high margins due to it proximity to near by dispensaries. The lease is only $2,250 per month. This recently remodeled large storefront boasts over 1525 sq.ft of space and nice showcases and almost furniture, fixtures, and equipment and a cigar humidifier cases which are included in the asking price. Seller will carry with $200,000 down and the balance of $75,000 for 3 years at 0%. The store also has over $100,000 in inventory which is not included in the price. When you see the locations and pictures you will know why this store will sell very quickly.


DETAILED INFORMATION
Location
Peoria, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,525
Lease Expiration
31/01/2029
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
1525 Sq.ft. storefront in a the middle of a busy strip center with tons of business that draw traffic surrounding it.
Growth & Expansion
Tons of room for growth with time and more online marketing.
Financing
Seller will carry with $200,000 down and the balance of $75,000 for 3 years at 0%
Support & Training
2 Weeks after Sale
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Mike
Darmo
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Mike Darmo