Office ID: #000983
10 year established free-standing cigarette store with real estate is available for acquisition. This location was originally a mini-mart and was established and converted into a cigarette store in 2010 by the current owner. This business is occupied in a 1,736 SF free standing building on 13,068 SF lot just minutes from the major highway near the city's old downtown and is easily visible and accessible from the main road. This business carries variety or cigarette-related products ranging from e-cigarettes, accessories, cigars, CBD related products, lotto, and other retail items. The sales have been consistent in the last few years at $30,000/month without any proactive marketing or advertising in place. There are many ways to proactively market this business by utilizing all online and social media outlets and also by mailing out flyers and coupons to acquire new customers from the untapped areas of the city. Also, there are some ways to immediately increase the overall sales by adding walk-in coolers to sell beer and wine, utilizing drive-thru windows for the customers' convenience, and possibly turning it into an actual cigar lounge since there is a lot of unused space inside the building. The majority of the customers are low to middle-income individuals and they are regular and repeat customers from the densely populated neighborhood and local businesses. During the downtime of COVID-19, the owner has spent nearly $20,000 in replacing the sign, painting the exterior, and installing LED lights to make the business much more presentable and visible. This business has an established customer base and has so much more potential for an owner who could put more effort into marketing and taking advantage of the unused space in the building to fully reach its financial potential.
This business is located in 1,736 SF free-standing building on 13,068 SF land conveniently located near the major highway and the city's historic downtown on a heavy traffic road. This business surrounded by many low to middle income residential neighborhoods as well as many other businesses.
Minimal marketing and advertising are in place because this business is well established and most of the customers are regular customers. More proactive online and direct marketing is needed to acquire new customers from the untapped areas of the city to fully reach its financial potential. There is space that is being underutilized and a potential buyer can install walk-in coolers or put additional coolers to sell beer and wine and utilize drive-thru window for customer's convenience. This will immediately increase foot traffic to the business and boost overall sales.
Competition is to be expected and there are few other similar businesses in the area, but this business carries a variety of products and customer service is very friendly and fantastic.
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.