Premium Cigar Lounge

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Asking Price:
$199,000

Gross Revenue:
$450,000
Cash Flow:
$150,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

HUGE PRICE DROP! Owner moving. Premium cigar lounge and shop in a busy prime location. Patrons can smoke cigars in this comfortable upscale cigar club and select from hundreds of top imported cigar brands (Davidoff, Padron, Arturo Fuente, Ashton, Oliva, etc.) in the spacious walk-in humidors, with prices ranging from $2 to $150 per cigar. Consistent Yelp scores in the mid to high 4-range out of 5 stars.

Seller has invested over $500,000 to build this facility from the ground up with all the necessary permits, ventilation, walk-in humidors, leather furniture, TVs, etc. Luxury amenities include: personal storage lockers for members to keep their private cigar collection, complimentary beverages, and the ability to watch your favorite sports team on one of the many flat screen TVs. Rent is below market for 1,500 SF of space with six (6) years left on the lease. Inventory that will be sold at Seller's wholesale cost at the close of escrow.

This cigar lounge ONLY sells cigars and is not considered your standard "smoke shop" as they currently do not sell or allow for the smoking of cigarettes, e-cigarettes, or pipe tobacco in the cigar club. Their is potential upside opportunity for a new owner to sell and allow patrons to smoke other tobacco products onsite, as their Conditional Use Permit allows for this.

We cooperate with other business brokers.

About the Business

Location:
Los Angeles, California
Real Estate:
Leased
Building Sq. Ft.:
1,500
Rent:
$6,500.00 Per Month
Lease Expiration:
2/1/2026
Facilities:
Premium cigar lounge with top state-of-the-art ventilation systems in place and walk-in humidors.
Growth & Expansion:
See Listing Summary. Owner has ability and permits to expand into other tobacco products other than cigars. With changing California laws, Buyer may want to investigate cannabis or marijuana opportunities as well, though this store is currently not licensed with the state or city of it's sale or use onsite.
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About the Sale

Reason For Selling:
Owner relocating for another business opportunity
Training/Support:
Owner willing to train buyer for several weeks after close of escrow.

Listing Info

ID:
1623241
Ad Detail Views:
0

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Business Listed by

Tony Cordi

Aspire Realty Advisors
License# 02066601

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