Search

Smoke Shop

  • Status: Available
  • Price: $299,000

Babak “BOB” Shamtoub

License No:
DRE #02050054
Email:
babak@lbaweb.com
Office:
424-542-1402
Mobile:
424-542-1402
  • Listing No: 6392
  • Status: Available
  • Area: Los Angeles
  • Price: $299,000

Description

Smoke Shop Making 

Net Income $150,000

Established 5 months ago, 1,800Sf. Smoke shop located in a huge shopping center with plenty of parking spaces. Selling Smoke Pipes, Tobacco, Cigarettes, Cigars, CBD, etc. Open from 9am to 11pm / 7 x days a week. Seller claims his Gross annual income is $600,000 a year. and he also claims his Net Income of $150,000 yearly. The rent is $5,500 a month with 5 years lease plus 5 x years option. Utilities are $1000 a month. The estimated inventor of $85,000 is not included in the asking price.

ATM machine and lotto can be added to generate more income.

Business Information

Ownership Type: Sole Proprietorship
Year Established:
Year Purchased:
Business Type: Smoke Shop
License(s) Required: Business, Tobacco Smoke
Hours of Operation: 9am- 11pm / 7 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6392
Date Available: 09/20/2022
Reason For Sale: Moving to different State

Financial Information

Annual Total:
600,000
Revenue:
Annual Net Income:
150,000
Inventory:
85,000
Monthly Payroll:

Lease Information

Base Rent:
5,500/m
Lease Expires:
2027
Lease Option:
1 x 5 years option
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

    RELATED PROPERTIES

    $2,500,000

    Gas Station and Mart

    Alameda County
    $150,000

    Franchise Pizza Restaurant

    Contra Costa County
    $900,000

    Liquor Store

    Alameda County