Profitable Premium Cigar Shop - SBA Pre-Qualified
Business Description
Seize this outstanding opportunity to own a highly profitable premium cigar shop, strategically located on the border of two states. Situated in a rapidly growing area with a high volume of daily automobile traffic, this business benefits from its proximity to affluent neighborhoods, retirement communities, and an expanding commercial sector. With its prime location and strong market presence, this is a truly exciting prospect for growth and success.
Key Features/Highlights:
- 3 Year Average NOI $ 142,000 - $ 57,642 (Debt Service) = $ 84,358 or (2.46 Debt Service Coverage)
-Turnkey Operations
-Premium Brands
-Strong Customer Base
-1500 Reward Program Members
-Prime Location
-Excellent Google Reviews
Key Features/Highlights:
- 3 Year Average NOI $ 142,000 - $ 57,642 (Debt Service) = $ 84,358 or (2.46 Debt Service Coverage)
-Turnkey Operations
-Premium Brands
-Strong Customer Base
-1500 Reward Program Members
-Prime Location
-Excellent Google Reviews
About the Business
- Years in Operation
- 5
- Number of Employees
- 2
- Facilities & Assets
- This 1,000-square-foot location is situated in a high-growth area with significant daily automobile traffic. The cigar store attracts a diverse customer base from two states, benefiting from its proximity to several affluent neighborhoods and retirement communities. The site offers convenient access, ensuring ease of entry and exit. The owners have effectively optimized the space to create an exceptional shopping experience for their customers. A notable highlight is their $20,000 humidor, expertly crafted from premium Spanish Cedar.
- Market Outlook / Competition
- The current market conditions and ongoing area growth present a favorable environment for this business to expand its presence and strengthen its brand. This provides a compelling opportunity for a buyer to achieve sustained revenue and income growth, with the potential for a return on investment in under three years.
- Opportunities for Growth
- Revenue and income growth opportunities may include the implementation of targeted advertising and marketing campaigns, hosting in-store social events with brand representatives, enhancing promotion of the member rewards program, and exploring the potential for expanding retail space within the center.
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Owner(s) will provide full training for 30 days at $0 cost to buyer.
Listing Info
- ID
- 2354188
- Listing Views
- 1243
Listing ID: 2354188 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.
