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Established Smoke Shop in Busy City Center

New Listing

Listing ID: 1194

Location

Nova Scotia

Description

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.

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Financial Information

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.

Minimum Equity Required

$85,000

Real Estate

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.

Price

$134,900 + Inventory

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