$66,000 NET Smoke Shop in a Busy Center w/ a Great Lease

Glendale, AZ
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Asking Price:$230,000
Gross Revenue:$335,000
Rent:$2,150
Cash Flow:$66,000
Inventory:$130,000
FF&E:$35,000
BUSINESS DESCRIPTION

If you are looking for a smoke shop in a highly desirable area that is surrounded by with tons of traffic and an always packed street 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 items and other items with high margins due to it proximity to near by dispensaries. Located near the central corridor in Glendale. The lease is only $2150 per month for over 1250 sq.ft.. This storefront boasts over 1250 sq.ft of space and nice showcases and furniture, fixtures, and equipment. The lease is good for 4 year with a 5 year option The store also included over $130,000 in inventory included in the asking price. The location is perfect and there are spaces in the strip center for expansion if you decide to go that route. The seller is also offering amazing seller financing terms with $160,000 down and $70,000 carry for 2 years at 0% When you see the location and pictures you will know why this store will sell very quickly.


DETAILED INFORMATION
Location
Glendale, AZ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,250
Lease Expiration
30/06/2026
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
1250 Sq.ft. suite in a busy center
Growth & Expansion
Tons of room for growth with more time and continuing on the owner's path.
Financing
$160,000 Down and $70,000 Balance for 2 years at 0%
Support & Training
2 weeks after sale
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Mike
Darmo
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Mike Darmo