Premium Cigar Lounge

Los Angeles, CA (Los Angeles County)

Not Actual Cigar Inventory
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Asking Price: $225,000

Cash Flow: $150,000

Gross Revenue: $450,000

EBITDA: N/A

FF&E: $0

Inventory: $250,000*

Rent: $7,300 per Month

Established: N/A

*not included in asking price.

Premium Cigar Lounge

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Business Description

Premium cigar lounge and shop in a busy prime location. Patrons can smoke cigars in this comfortable upscale cigar club and select from hundreds of top imported cigar brands (Davidoff, Padron, Arturo Fuente, Ashton, Oliva, etc.) in the spacious walk-in humidors, with prices ranging from $2 to $150 per cigar. Consistent Yelp scores in the mid to high 4-range out of 5 stars.

Seller has invested over $500,000 to build this facility from the ground up with all the necessary permits, ventilation, walk-in humidors, leather furniture, TVs, etc. Luxury amenities include: personal storage lockers for members to keep their private cigar collection, complimentary beverages, and the ability to watch your favorite sports team on one of the many flat screen TVs. Rent is below market for 1,500 SF of space with five(5) years left on the lease. Inventory that will be sold at Seller's wholesale cost at the close of escrow.

This cigar lounge ONLY sells cigars and is not considered your standard "smoke shop" as they currently do not sell or allow for the smoking of cigarettes, e-cigarettes, or pipe tobacco in the cigar club. Their is potential upside opportunity for a new owner to sell and allow patrons to smoke other tobacco products onsite, as their Conditional Use Permit allows for this.

We cooperate with other business brokers.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
2/1/2026
Facilities:
Premium cigar lounge with top state-of-the-art ventilation systems in place and walk-in humidors.
Growth & Expansion:
See Listing Summary. Owner has ability and permits to expand into other tobacco products other than cigars. With changing California laws, Buyer may want to investigate cannabis or marijuana opportunities as well, though this store is currently not licensed with the state or city of it's sale or use onsite.
Support & Training:
Owner willing to train buyer for several weeks after close of escrow.
Reason for Selling:
Owner relocating for another business opportunity
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Tony Cordi

Business Listed By:
Tony Cordi

The Innate Group

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