Smoke Shop: Prime Loc: Rev $510K, Netting $120, Prc $149K+Inv

Harbor City, CA (Los Angeles County)

Smoke Shop: Prime Loc: Rev $510K, Netting $120, Prc $149K+Inv
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Asking Price: $149,000

Cash Flow: $120,000

Gross Revenue: $510,000

EBITDA: N/A

FF&E: $0

Inventory: $80,000*

Rent: $2,200 per Month

Established: 2019

*not included in asking price.

Smoke Shop: Prime Loc: Rev $510K, Netting $120, Prc $149K+Inv

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Business Description

• Decent sales volume of Smoke Shop located in a well-structured mid-sized wall-to-wall strip mall facing Pacific Hwy.
> A street retail with high visibility from the traffics. Cigarettes, bunch of hookas, pipes and all the vape juices
> 7-day open and hours are Mon-Sat from 9am to 8 pm and Sun from 10am to 7 pm
> Monthly gross is abt. $42,500 and profits are $10,000. Yet the asking is reasonable at $149,000
> Sales breakdown are 30% of cigarettes and cigars, 50% of pipes and 15-20% % of general merchandise.
> Margin rate is about 10% for Cigarette sales and 40% for related item sales
> Little more than 3 years remaining on the current lease plus five-year option. Store size is approx. 1,000 SF. Offering a convenient parking in front.
> Operated by two full-time employees and owner works minimum hours as needed
> Established less than 2years, but MUST SELL ‘caz personal issue.
> Room to grow because cheap price that can be very competitive with a variety of compatible products of good quality
> SBA loans is very possible
> For more details, see below: .
• Monthly total turnover is an average of $42,500
• Monthly net income is $10,000 on average, including additional Lotto/Lottery sales and ATM.
• Margin is as good as 40%
• Below market rent is $1,600 plus $600 for 3 Nets/CAM
• Store size is approx. 1,000 sq. ft.
• 3.5 years lease term and to be increased by CPI per year, plus a five-year option
• Open hours are from 9 am to 11 pm Mon - Sat, and ‘til 7 am on Sun
• Possible SBA loans w/a 30% down payment, including entire inventory valued over $80,000.
• To get an eligibility for SBA loans and/or lease approval, buyer must prove sufficient funds such as personal financial statement, 700+ FICO, enough down payment and working capital in the bank account seasoned over 90 days and at least 2 years’ experience in the same industry.
• Sign and return attached NDA, which is mandatory for a 'walk-by' or address
• For more details, contact Kevin at beeinvest.kim@gmail.com or 714.345.6514
• If you are a qualified buyer and interested in learning more about this Smoke Shop or are serious about purchasing it, you are highly encouraged to come to our office to get the financial details, SBA loan qualifications, purchase-loan procedures, lease approval, or more profitable liquor store listings that may best fit your needs.
• Important Agent Relationship
Once you establish agent relationship with me, you can get more listings for the business that you've always dreamed of, or other mainstream stores that may be the best fit for your goals.
• Note
> The business summaries and financial information posted here are deemed reliable and are obtained from reliable sources.
> However, it is recommended that the use of this information is limited only to records prior to the outbreak of the Covid-19 pandemic.
> The broker and / or its agent shall not be held liable for such information whether or not it is true.
> It is the buyer's sole responsibility to verify whether such disclosures are true or not.
> Buyers have the right to verify books and records during the given due diligence period. Also, your agent will provide the right procedures in a timely manner.

Attached Documents


Detailed Information

Location:
Harbor City, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
12/31/2028
Employees:
2 FT
Competition:
Yes
Financing:
SBA loan possible w/30% down
Support & Training:
2 weeks after closing
Reason for Selling:
Personal issue
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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