$450,000 NET Busy and Profitable Smoke Shop

Phoenix, AZ

Seller Financing Available

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Asking Price:$1,400,000
Gross Revenue:$1,380,000
FF&E:$55,000
Cash Flow:$450,000
Inventory:$250,000
BUSINESS DESCRIPTION

If you are looking for a smoke shop in a highly desirable area that is surrounded by corporate tenants and stores with tons of traffic and an always packed parking lot with tons of room for growth and opportunity than look no further. 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 $2,200 per month. This storefront boasts over 1200 sq.ft of space and nice showcases and almost furniture, fixtures, and equipment and $250,000 worth of inventory which are included in the asking price. Seller will carry with $900,000 down and the balance of $500,000 for 2 years at 0%. The owner currently only buys the inventory and handles payroll and is in a semi-absentee status. When you see the location and pictures you will know why this store will sell very quickly.


DETAILED INFORMATION
Location
Phoenix, AZ
Inventory
Included in asking price
Building SF
1,200
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
1200 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 and a more involved owner.
Financing
$900,000 down and the balance of $500,000 for 2 years at 0%
Support & Training
2 Weeks after Sale
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Mike
Darmo
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Mike Darmo