Glass and Accessories Smoke Shop

Eastern Iowa

Asking Price:

$320,000

The total asking price of the business for sale

Cash Flow:

$68,384

Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets. "For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000

Gross Revenue:

$979,565

All annual business income (prio calendar year or trailing 12 months ) before any cost-of-sales or expenses have been deducted.

Inventory:

$353,212

The value of the merchandise, raw materials, and finished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.

EBITDA:

N/A

Earnings Before Interest, Taxes, Depreciation and Amortization 

Rent:

$96,826

FF&E:

N/A

Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending in the type of business.

Established:

N/A

Business Description

This established smoke shop with two prime locations specializes in high-quality herbal products and a wide range of glass accessories. Known for its welcoming atmosphere and knowledgeable staff, the shop offers a curated selection catering to both seasoned enthusiasts and newcomers. With a loyal customer base and strategic locations, the business is well-positioned for continued success in a growing market. This is a turnkey opportunity for buyers interested in entering the retail space with a reputable brand and a strong foothold in the industry.

Detailed Information

Location:

Eastern Iowa

Real Estate:

Leased

Building SF:

N/A

Lease Expiration:

10/31/2027 and 12/31/2031

Employees:

8 PT

Facilities:

Two retail locations separated by about 85 miles.

Competition:

There are several competitors in the area, but this company has unique product offerings, knowledgeable staff, a strong local reputation, and a focus on customer service. Providing a range of high-quality, exclusive glassware or specialized herbal products attracts a loyal customer base despite the competitive landscape.

Growth & Expansion:

Boasting a strong retail and online presence, a new owner could expand or add additional product lines as well as investing in SEO to increase e-commerce sales.

Support & Training:

Willing to train and support for 2 weeks.

Reason for Selling:

New opportunities

Franchise:

N/A

Business Website:

Yes

Business Location

18534

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