HS Listing ID-71923

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