Cigarette Store For Sale - SF Bay Area, California
Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
SF Bay Area |
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| County: |
None Given |
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| City: |
None Given |
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| Financial Information |
Detailed Information |
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| Price: |
$159,000 |
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| Down: |
Call/Email |
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| Revenue: |
Call/Email |
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| Adj. Net: |
Call/Email |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
No |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
No |
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| Lifestyle: |
No |
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Description Of This SF Bay Area Cigarette Store Business For Sale:
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This Is Not Your Typical Cigarette Store; A Lot Of Time And Money Has Been Spent To Make This Into An High-End Cigar Shop Which Caters To The Big Spender In The Surrounding Area. The Owner Has Established Many Direct Contacts With Major Distributors That Provide The Best Cigars At The Lowest Price. He Has Also Established A Rapport With Event Coordinators For Scotch Tasting That Pays Him $800 To Attend The Special Events. In Addition To That, The Event Coordinator Purchases An Average Of About $2,000 During That 1-2 Day Event. He Also Has Exclusive Rights At Golf Tournaments. Seller Claims: $28,000 - $30,000 Gross Sales Per Month (60% Of Sales Come From Cigars-Which Has A 50% Margin), (30% Of Sales Come From Cigarettes-Which Has A 20% Margin), And (10% Of Sales Comes From Accessories-Which Has A 70% Margin). He Also Has Special Lockers That He Rents Out @ $349.00/Year (50% Is Currently Rented Out).New Lease -(5yr. 1x5 Option), Rent:$2,782/Month Includes Water And Nnn.
Average Pg&e- $250/Mo.
Average Alarm- $35/Mo.
Average Cable/TV/Phone/Wireless: $89/Mo.
Average Insurance: $220/Mo.
Average Inventory: $60K-$80K (Not Included In Sale Price)
Security System With 4 Cameras Included.
Average Net Profit As Owner Operator: $72,000 Per Year Or $6,000 Per Month
Reason For Sale: Dissolving Partnership.
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