Listing ID: 1194
One of Canada's leading Smoke Shop retailer and established in its current location for over 6 years, specializing in paraphernalia used for consumption of cannabis.
Prime location in high volume traffic downtown district with very little competition in the city.
Great online reviews, loyal customer base.
Amazing potential for higher revenues.
The present owner does not work at the store. With a hands-on owner and additional marketing and increased social media presence, a Buyer can have the opportunity to quickly grow and expand the business.
Easy operations. Presently 2 Full Time staff.
Approximately $80,000 in inventory at any given time.
Released from all franchise responsibilities.
2019 Revenues - $388,359
2019 SDE - $100,174
2020 Revenues - $360,372
2020 SDE - $74,135
Past 3 year average Revenues - approx. $370,000.
The Revenues have been steadily increasing over the past years.
.Average annual return on investment will be approximately 40%, based on a capital of $63K invested (business and inventory, with the balance financed) and consider the 2020 SDE, including equity buildup and after paying oneself a $40K salary.
* SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.
Lease Agreement 10 years - 4.5 years remaining.
1,600 square feet at approximately $2,500 per month all included.
Storefront, great pedestrian traffic. Easy parking.
$134,900 + Inventory
Helping our clients achieve the greatest success possible requires completing a transaction beneficial to both buyer and seller. To achieve that success, we work exclusively with well-qualified individuals, delve into the unique needs of both parties and develop a strategic plan that will help generate excellent results.
Gateway Business Brokers places a priority on open, frequent and comprehensive communication with our clients. We promise to communicate and confirm expectations in a timely and courteous manner each and every time.
© 2020 Gateway Business Brokers | All Rights Reserved