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Long Beach

  • Listing No.: 130-20706

  • Category: Retail

Asking Price $299,000
Down Payment
Gross Revenue $501,204
Total Adjusted Net Income $213,017
Equipment / Fixtures $15,000
Year Established 2016
General Location Long Beach
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This is a great opportunity for a buyer to purchase a complete turnkey, busy smoke shop in a prime Long Beach location. Since opening in 2016, the business has grown year over year, and is on track to have and more profitable 2021! The business remained open during the Covid-19 Pandemic, while other smoke shops closed or were unreliable in open times and product availability. The business has a loyal local customer base and has a reputation for excellent customer service and quality product offerings. The business sells tobacco & vape products, handblown glass pipes, water pipes and other smoke products & accessories. Approx. $60,000 of inventory is included in the sale! This is the perfect opportunity for a buyer to acquire a profitable, growing smoke shop in a busy, popular Long Beach location! Inquire Now! Email inquiries to: ddube@fcbb.com 

Gross Revenue $501,204 Listed Price $299,000
Total Income $213,017 Down Payment
Base Rent $1,111 Square Feet 529
Total Rent $984 Lease Expiration 02/2021
Rent Deposit $2,000 Lease Options 1 and 5
Inventory $60,000 Leasehold Improvements $20,000
Equipment / Fixtures $15,000 Other Assets n/a
Full-Time Employees Training Period two weeks
Part-Time Employees Special License Required
Contract Staff 2 Reason for Selling Seller is running another business

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.

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