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Retail & Online Smoking Products Business
Location: United States -> California -> Los Angeles
Industry: Retail > Other Retail




Business Summary

A smoking and consumables storefront business is available for sale in California. Established as a retail avenue for an online shop, the store offers a wide range of smoking products and accessories such as traditional smoking products, vaping supplies, e-cigarettes, bongs, and much more.

This independent shop in an energetic community near Long Beach, California has experienced tremendous revenue growth since being established, growing from just over $65,000 in 2015 to well over $260,000 in gross sales in 2018. They respond to the evolving needs and interests of their customers, sourcing an immense range of smoking products and accessories from around the world for lifestyle and medicinal purposes.

Currently located in a busy shopping center, the business employs two part-time employees, along with part-time hours put in by the owner, and operates on standard retail hours. This cash-based business offers flexibility to a new owner in terms of location and time spent hands-on in the business. The retail shop could be relocated without heavily affecting the business and the sales price includes $30,000 of equipment.
This business offers straightforward entry into the industry with low licensing requirements needed such as a Tobacco Retail License, though experience in retail and purchasing would be useful. Improvement and growth potential exists and includes evaluating and changing the mix of stock to focus on higher-moving inventory, focusing on more consumables with higher profit margins, and identifying new advertising markets.

There are huge market opportunities opening up in the US and around the world, so this is a chance to purchase an established store which is ready to adapt and grow with the evolving smoking products market.

This is an established business. This is neither a new franchise nor a start-up opportunity.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $261,636
Cash Flow:   $169,109
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  FFE: $30000
Seller Financing:  Yes

About The Business

Year Established:  2015
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

Photos

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Retail & Online Smoking Products Business Photo 1




Print Listing Id: 700336065
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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