Listing ID: 71923

Business Overview

Annual Figures: 

Gross Sales: $1,632,741.68

Gross Profit: $1,102,741.68

Net: $800,595.61

Inventory: Estimated $400,000 between both stores (Sold Separately)

Location #1:
Asking Price: $1,100,000
Annual Figures:
Gross Sales: $1,186,019.84
Gross Profit: $786,019.84
Net: $606,519.08

Expenses:
Rent/Taxes/CAM: $73,600 ($6,300/Month)
Cost of Goods: $400,000
Sales Tax: $19,899.92
Payroll: $72,000
Utilities: $12,000
Insurance: $2,000

Business Overview
Established smoke shop owned and operated for 8 years.
Weekly sales ranging from approximately $18,000 to $25,000.
Strong sales mix with approximately 70% card transactions and 30% cash transactions.
Beer sales generate approximately $1,000 to $2,000 per month.
New York Lottery commission income of approximately $10,000 to $12,000 annually.
Owner is absentee friendly, visiting the store periodically but not required for daily operations.
One employee currently operates the business

Lease & Occupancy
Approximately 2,000 square feet
Rent of $6,300 per month, all inclusive
Approximately 2 years remaining on the lease, with a 5 year renewal option

Equipment & Operations
ShopKeep POS system
On site customer parking
Inventory estimated $250,000 (Sold Seperate)
Cost of goods sold approximately $400,000 annually

 

Location 2: 
Asking Price: $300,000

Annual Figures:
Gross Sales: $446,721.84
Gross Profit: $316,721.84
Net: $194,076.53

 

Expenses:
Rent: $49,500 ($4,125/ Monthly)
COGS: $130,000.00
Sales Tax: $7,699.06
Payroll: $49,200
Utilities: $12,000
Insurance: $4,114.80

 

Business Highlights
Established Operation: Successfully owned and operated for 3–4 years with consistent, stable performance.
Hours of Operation: Open daily from 10 AM to 11 PM, providing extended coverage for steady all day sales.
Absentee Owner: Business runs hands-off with one employee overseeing day-to-day operations.
Spacious Facility: 1,500–1,600 sq. ft. layout allowing efficient customer flow and equipment placement.
Strong Lease Terms: 12 years remaining, providing long-term stability for a new owner.
Modern POS System: Tracks both card and cash transactions for clean, reliable financial reporting.
Revenue Mix: 67% card and 33% cash transactions.

Additional Revenue Streams: Includes beer and lottery sales, driving supplemental profit and added foot traffic.

Ample Parking: On-site parking ensures easy customer access.

Inventory: Approximately $150,000 in inventory (sold separately)

Seller Financing Available: 55%-60% Down Payment

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $1,400,000
  • Cash Flow: $800,595
  • Gross Revenue: $1,632,741
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business innterests.