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Burbank, CA

  • Listing No.: 130-00162

  • Category: Retail

Asking Price $125,000
Down Payment $0
Gross Revenue $360,000
Total Adjusted Net Income $120,000
Equipment/Fixtures $33,500
Year Established 1994
General Location Burbank, CA
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Well established for over 20 years, this full service smoke and tobacco store sells an excellent inventory of cigarettes, premium cigars, hookah, vape, glass items and accessories.  This location is outfitted with a custom made walk-in humidor, lottery on premises, and 2 refrigerators for drinks.  Over the decades, the clientele has been cultivated by providing a high quality product and a strong commitment to customer service.  Seller states that not only is foot traffic strong with new customers daily, but area is undergoing significant investment that is expected to drive more traffic and improve an already affluent clientele.  Seller has relied on strong word of mouth and repeat business but sees strong growth potential with advertising and a web presence. Open 10am – 10pm daily and can be easily run by only 1 person.  If you are passionate about the art of helping people relax and enjoy their time to reflect or with friends, then this business is for you. The business provides excellent profit margins, solid cash flow and the opportunity for the new owner to continue to grow the business.

Gross Revenue $360,000 Listed Price $125,000
Total Income $120,000 Down Payment $0
Base Rent $2,686 Square Feet 980
Total Rent $3,286 Lease Expiration 6/2023
Rent Deposit $3,286 Lease Options
Inventory $25,000 Leasehold Improvements
Equipment/ Fixtures $33,500 Other Assets
Full-Time Employees 0 Training Period 7 Days
Part-Time Employees 0 Special License Required Tobacco Permit
Contract Staff 0 Reason for Selling Needs to move out of state quickly

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.