Business Description

Miami Smoke Shop & Kava Bar with a Tiki-Style Outdoor Event Lounge

This is an established, fully turnkey smoke shop and kava bar in Miami, one of the fastest-growing retail markets in the country. It opened in 2017 and has since become a local landmark with a strong, loyal base of neighborhood regulars. It brings in $1,400,000 in yearly revenue and produces $320,000 in cash flow, a healthy profit margin of about 23%.

Out back, customers have a tiki-style outdoor lounge, fully decorated and furnished. It seats up to 60 guests, which makes it a natural spot for events, parties and community nights, and a second source of income beyond retail.

Reason for Sale:
After 40 years in the industry, the owner is retiring and wants a quick sale. The owner just signed a new 10-year lease, and the store is in perfect condition, so a new owner can step in and start running it on day one.

What Sets It Apart:

A well-known local landmark since opening in 2017, with steady local traffic
Voted Best CBD Store three years in a row
Smoke shop and kava bar together under one roof, pulling in both retail shoppers and people who come to hang out
Tiki-themed outdoor lounge, fully furnished, with seating for up to 60 and room to host events
Freestanding building with free on-site parking
High-visibility spot right on Biscayne Blvd. with heavy foot traffic
Wide customer mix of tourists, local residents and business professionals
Upscale, modern store with premium fixtures
Leading position in the market, with little nearby competition
Runs with an absentee owner, which shows the systems are proven and ready to scale
Part of an established brand with a large CRM customer database

Financials:
The business earns $1,400,000 a year in revenue and $320,000 in cash flow. The $795,000 asking price includes $125,000 in inventory and $30,000 in fixtures and equipment. That's strong value for a profitable, established business.

Room to Grow:
There's plenty of room to expand by:

Booking more private events and ticketed nights in the outdoor lounge
Adding a delivery service
Building an online store
Stepping up digital marketing

Why It Runs Smoothly:
The owner runs the business remotely today, which points to strong, established systems. Miami's booming tourism and growing city population keep customer demand steady and leave room for growth.

Training & Support:
The sale includes a full 3-month training and support program. Seller financing may be available to qualified buyers, decided case by case.

This is a rare chance to own a highly profitable, award-winning smoke shop and kava bar that has been a Miami landmark since 2017. It sits in the city's top commercial district, comes with a new 10-year lease and a one-of-a-kind outdoor event space, and has proven revenue with real room to expand.