MergerPlace

E-Cigarette / Vaping Retail Shop

Minnesota


  • Asking Price: $139,000
  • Gross Income: $235,731
  • Cash Flow: $46,373
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $15,136
  • Listing ID: #203277
  • Established: 2014
  • Employees: 1 FT/1 PT

Business Description

Vapor, E-Cigarette & Accessory Store. The store is located in an area with high traffic counts and noncompetitive retail businesses, bolstering walk-in customers. Opened in 2014. All brand new equipment and a trendy build out which creates a unique retail location. This business is the fastest growing premier source for e-cigarettes, mods, batteries, tanks, atomizers and e-liquid in the area. They have established a niche market by specializing in transitioning customers from traditional cigarettes to electronic cigarettes. By doing this they have created brand loyalty by offering high-quality products and customer service. With additional marketing, customer incentives and advertising this Vapor industry will continue to explode. They carry all of the e-cigarette and vaporizer accessories, replacement parts, coils, cotton and wire to make your experience complete. New customers consistently visit this shop and are greeted by friendly and knowledgeable staff that answer any questions customers may have about Vaping. All of this while sampling the delicious custom and brand named e-liquid flavors and e-juices.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Minnesota

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/1 PT

Financial Information

Asking Price: $139,000
Gross Revenue: $235,731
Cash Flow: $46,373
FF&E: $15,136
Seller Financing Available: Yes

Property Information

Facilities:

The store is located in an area with high traffic counts and noncompetitive retail businesses, bolstering walk-in customers. As vape enthusiasts, the staff educate customers about the latest products and help find the perfect setup and flavor. The vapor lounge is a trendy destination where you will always find people hanging out, playing X-box and chilling. This is the the original locations, it has become an established place where regular customers and new customers alike come to hang out and check out the newest e-juices.

Growth & expansion opportunities:

Vapes and E-cigarettes are a high-growth industry. New and exciting products are constantly introduced and large number of smokers are turning to this much more preferred and healthy product. With the development of a website and the use of social media to market and advertise this exploding industry a new owner can expect solid, annual sales increases with this business.

Competition:

Globally, cigarette retail value in 2015 was $744 billion. That represents sales of over 5.6 trillion cigarettes, to more than 1 billion smokers worldwide. The e-cigarette/vaping revenue reports for the 2015 U.S. market were $2.7 billion. Vapor use is said to be much healthier than smoking since the substance does not have to combust, producing toxic particles in the process. As a result, many smokers are switching over to vaporizer products in order to enjoy their substance of choice, with significantly lower risk of harmful consequences. What also makes vaporizers so appealing, is that it can be enjoyed personally, or in a group setting. Due to this healthier option the vaporizer industry is experiencing booming growth. Smokers already use vaporizers for tobacco replacement, in order to enjoy nicotine without the negative side effects of smoking cigarettes. Also, because smoking in public places is becoming less acceptable. As the growth of this market occurs, two things naturally occur: job creation and investments. The retail vaporizer industry is predicted to reach $3.5 billion this year.

Reason for selling:

The seller is ready to relocate and is looking to sell asap.

Support & Training:

Will train for 2 weeks @ no cost. The shop carries e-cigarettes, mods, batteries, tanks, atomizers, e-liquid, replacement parts, coils, cotton and wire. The new owner will need to have general business management skills to run this profitable business.

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Business Listed By:

Scott Krook

Murphy Business Brokers