Here is a smoke shop in Old Town Scottsdale doing $1,200,000 a year on $251,316 in owner's cash flow, and the owner does not work in it.

The shop has been open since 2015 and the current owner bought it in 2022. Three full-time employees run it day to day. The owner is absentee - this is not a business that could be run absentee, it is one that already is, which is a different and better thing to be buying.

What a buyer is really acquiring is the license. Scottsdale does not issue new tobacco retail licenses, and this one is grandfathered at this address. That is also worth naming plainly: the license lives with the location, so the lease matters more here than it would in most retail deals.

The space is 2,000 sq ft in a plaza with two dedicated private parking spaces, which in Old Town is not a small thing. Inside there is a walk-in humidor and the cigar following that comes with it. The hours are long - Sunday through Thursday 9:00am to 2:00am, Friday and Saturday until 3:00am - and the late-night trade is a real part of the volume, not an afterthought.

The shop runs at a 40% gross margin, so roughly $40,000 a month in gross profit against about $19,000 a month of operating expense, of which $8,500 is payroll and $4,857 is rent.

$20,000 in equipment and fixtures is included in the $725,000 price, along with goodwill, the customer base and a three-year non-compete. Inventory of approximately $85,000 at cost is purchased separately at closing. The SpotOn POS is on lease and can transfer or be swapped out.

The seller is moving on to another opportunity and will provide two weeks of training. This is an asset sale, delivered free and clear at the close of escrow.

Financials shown are 2025 monthly-average annualized. Full detail available to qualified buyers under NDA.