Smoke Shop Retail multi unit
Business Description
Established smoke shop retail operation with exceptional real estate investment opportunity located in St. Petersburg, FL. This profitable business combines retail operations with valuable commercial real estate in a prime standalone building.
Business Overview:
Operating successfully since 2015, this smoke shop generates $400,000 in annual revenue with an established customer base. The business benefits from an excellent location and operates as an absentee-owner managed enterprise, providing flexibility for new ownership.
Real Estate Component:
The sale includes a 4,602 square foot multi-unit standalone building valued at $1,900,000. This significant real estate asset provides multiple revenue streams and substantial appreciation potential in the growing St. Petersburg market.
Financial Highlights:
- Annual Revenue: $400,000
- Established 9-year operating history
- Includes $80,000 inventory
- FF&E valued at $100,000
- Absentee owner operation demonstrates systems and processes
Location Advantages:
Situated in Pinellas County, the business benefits from St. Petersburg's robust tourism industry and growing residential population. The standalone building provides excellent visibility and accessibility for customers.
Growth Potential:
The multi-unit building structure offers opportunities for expansion, additional revenue streams, or enhanced operational efficiency. The established customer base provides a solid foundation for growth initiatives.
Owner is selling due to family considerations, creating an opportunity for a qualified buyer to acquire both a profitable retail operation and valuable commercial real estate in one transaction.
This turnkey operation offers immediate cash flow with significant real estate appreciation potential in one of Florida's most desirable markets.
Business Overview:
Operating successfully since 2015, this smoke shop generates $400,000 in annual revenue with an established customer base. The business benefits from an excellent location and operates as an absentee-owner managed enterprise, providing flexibility for new ownership.
Real Estate Component:
The sale includes a 4,602 square foot multi-unit standalone building valued at $1,900,000. This significant real estate asset provides multiple revenue streams and substantial appreciation potential in the growing St. Petersburg market.
Financial Highlights:
- Annual Revenue: $400,000
- Established 9-year operating history
- Includes $80,000 inventory
- FF&E valued at $100,000
- Absentee owner operation demonstrates systems and processes
Location Advantages:
Situated in Pinellas County, the business benefits from St. Petersburg's robust tourism industry and growing residential population. The standalone building provides excellent visibility and accessibility for customers.
Growth Potential:
The multi-unit building structure offers opportunities for expansion, additional revenue streams, or enhanced operational efficiency. The established customer base provides a solid foundation for growth initiatives.
Owner is selling due to family considerations, creating an opportunity for a qualified buyer to acquire both a profitable retail operation and valuable commercial real estate in one transaction.
This turnkey operation offers immediate cash flow with significant real estate appreciation potential in one of Florida's most desirable markets.
About the Business
- Years in Operation
- 10
- Employees
- 4 (4 Part-time)
- Facilities & Assets
- Centrally located great area on the main road huge retail space with an office and triplex building efficiency ready to go!
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,602
About the Sale
- Seller Motivation
- Family
Listing Info
- ID
- 2452938
- Listing Views
- 15
Business Location
Listing ID: 2452938 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.
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