Smoke Shop: Well-est, Squared Books, Rev. $40K/m, Net $45K/m, Prc $80K

Altadena, CA (Los Angeles County)

Smoke Shop: Well-est, Squared Books, Rev. $40K/m, Net $45K/m, Prc $80K
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Asking Price: $79,000

Cash Flow: $60,000

Gross Revenue: $480,000

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $2,100 per Month

Established: 2018

Smoke Shop: Well-est, Squared Books, Rev. $40K/m, Net $45K/m, Prc $80K

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Business Description

Beautiful, fully furnished complete smoke shop with premium cigars, lots of upside potential. Must see store. located right shop in a hot spot of a wall-to-wall strip mall. Buyer can add lots of c-store items to boost business. This location is perfect for an owner operator as it has limited hours and requires only a few employees to operate, so owner operator would be ideal. Right now, run by 1 part-time employee and dedicated hard-working owner. Needs to consolidate. The Sales in 2020 were about $480,000 while the seller's discretionary cash flow was about $50,000 per year. Yet, the monthly rent is below average, only $2,100. Lease set to end 2023 plus a 3-year option.
> For more details, see below:
• Monthly total turnover is an average of $40,000
• Monthly net income is anywhere between $5,000 and $5,500 on average
• Margin is as good as 40%
• Below market rent is $2,100, including CAM
• Store is approx. 850 sq. ft. in its size
• 2 years lease term and to be increased by CPI per year, plus a three-year option
• Open hours are from 9 am to 8 pm 7 days
• 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
> Financial reports are available only to those who have proven the purchase funds and committed
• Note
> Mandatory online NDA conveniently attached hereto. Sign and resend for more detailed financial information and address for a "walk-by'.
> For more accurate and faster service, please contact Kevin at beerealty.ca@gmail.com / (714) 345-6514 or come to our office.
> The business summaries and financial information posted here are deemed reliable and are obtained from reliable sources.
> 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.
> The buyer has the right to check books and records during the given due diligence period upon acceptance of offer.
> In addition, the agent has a fiduciary duty to provide correct guidance during the entire purchasing process in a timely manner at each stage of movement.
• 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.

Attached Documents


Detailed Information

Location:
Altadena, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
850
Lease Expiration:
4/30/2026
Employees:
1
Facilities:
Clear sales record, Located in a hot spot of well-established strip mall with a good exposure to the main traffic, Fine parking, Retail-street, Relatively short open hours
Competition:
No
Growth & Expansion:
Open late. Very little marketing or advertising has been done over the past several years, relying mostly on word of mouth and on-line reviews. There is an opportunity to grow the business by adding more goods and/or merchandises
Financing:
Sales clearly recorded
Support & Training:
The owner will provide a smooth training / transition period for 2 weeks after closing
Reason for Selling:
Personal problem
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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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