High-Traffic Canal St Smoke Shop (heavy daily foot traffic)

Asking Price$200,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$480,000

Inventory$50,000
Not included in asking price
FF&ENot Disclosed

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High-Traffic Canal St Smoke Shop (heavy daily foot traffic)


Asking Price$200,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$480,000

Inventory$50,000
Not included in asking price
FF&ENot Disclosed

Business Description
Prime Canal St Location | $40K+ Monthly Gross Sales Turnkey Operation
Located in the heart of Canal Street, this smoke shop benefits from constant foot traffic from tourists, local residents, and surrounding retail businesses. Positioned on one of Manhattan’s busiest commercial corridors, the business enjoys consistent daily walk-in customers and strong visibility.

The shop generates approximately $40,000+ in monthly gross sales and operates out of a fully built-out, well-organized retail space designed for efficient customer flow. The business is being sold as a turnkey operation, including fixtures, equipment, and existing setup, allowing a new owner to seamlessly continue operations from day one.

While the business produces steady revenue, there is clear opportunity to increase profitability. A hands-on owner-operator can reduce payroll expenses and improve margins. Additional growth can be achieved by expanding product offerings, optimizing pricing, and introducing complementary revenue streams such as beverages, snacks, and other convenience items to capture impulse purchases from the high volume of foot traffic.

Further upside exists through extended operating hours, improved branding, and local marketing efforts. With its prime location and strong foundation, this business offers an excellent opportunity for an owner-operator or investor looking to capitalize on a high-traffic Manhattan retail environment.

Serious inquiries only. Additional details available upon request.
About the Business
Years in Operation
1
Employees
3 Full-time
Facilities & Assets
The business operates out of a well-maintained, high-visibility retail storefront located on Canal Street in Manhattan, one of the busiest commercial corridors in New York City. The space is fully built out and designed for efficient retail flow, maximizing both product visibility and customer experience. The shop features modern glass display cases, wall mounted shelving, and organized product sections for vapes, glass, accessories, and related merchandise.
Market Outlook / Competition
The business is located on Canal Street in Manhattan, one of the highest foot traffic retail corridors in New York City, attracting a constant flow of tourists, local residents, and daily commuters. The area is known for strong retail activity, making it an ideal location for a smoke shop with consistent walk-in sales.
Opportunities for Growth
There is a clear opportunity to increase revenue by introducing convenience items such as beverages, energy drinks, and grab-and-go snacks. Given the high volume of daily foot traffic on Canal Street, adding these products can drive additional impulse purchases and increase average transaction size.

This category requires minimal setup and can be easily integrated into the existing layout, making it a simple and effective way for a new owner to boost overall sales and profitability.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
850
Rent
$12,500.00 per month
Lease Expiration
6/1/2036
About the Sale
Seller Motivation
Moving out of state
Transition Support
The current owner will provide comprehensive training and transition support to ensure a smooth handover of operations. Training will cover all aspects of the business, including daily operations, inventory management, supplier relationships, product knowledge, and point-of-sale system usage.
Financing Options
none
Listing Info
ID
2483691
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Business Listed by: Nabeel Qawasmi

Listing ID: 2483691 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.