MergerPlace

Convenience Store & Smoke Shop

Iowa


  • Asking Price: $599,000
  • Gross Income: $1,027,410
  • Cash Flow: $110,729
  • Real Estate: Not Disclosed
  • Inventory: $273,487
  • FF&E: $30,981
  • Listing ID: #218543
  • Established: 2007
  • Employees: 1 FT/ 9 PT

Business Description

The Convenience Store/Smoke Shop is located in Eastern Iowa in a high traffic downtown location. The store offers snacks, candy, cigarettes and beer along with a complete line of vaping products. Liquor is available with approval from the city. It serves the needs of apartment buildings and the local business in the area with convenience type foods cigarettes, beer and drinks. The store is also premier destination for glass pipes, water pipes, hookahs, as well as dry herb vaporizers and concentrate pens.

Also carrying all major brands of cigarettes along with Roll your own Tobacco, Hookahs, Shisha, E-Cigarettes, Vape Mods and Tanks, Vape Juices, Pod System Vaporizers & accessories, Dokha, Hemp Oil, Kratom, Cigars and much much more.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Iowa

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/ 9 PT

Financial Information

Asking Price: $599,000
Gross Revenue: $1,027,410
Cash Flow: $110,729
FF&E: $30,981
Inventory: $273,487
Seller Financing Available: No

Property Information

Facilities:

Located in a high traffic area in a downtown location.

Growth & expansion opportunities:

Business is poised for growth with the addition of new food and snack offerings. The vaping/smoke shop is in a position to grow as the legalization of marijuana is introduced to the state.

Competition:

The business is the leader in the field. There are some limited stores offering similar items in the area but don't offer the selection of products.

Reason for selling:

Seller has other business ventures that are demanding more of their time.

Support & Training:

Will train for 2 weeks @ no cost. Successful owner will need to hold a beer and cigarette license. They should also understand the Vaping industry along with having an understanding of glass pipes, water pipes and Hookahs.

Contact Business Seller

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Business Listed By:

Michael Rooney

Murphy Business Brokers