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Smoke Shop in Highly Desirable Strip Mall, Lots of Potential

Troy, Michigan (Oakland County)

Retail - Miscellaneous Retail | Retail - Convenience Stores

Asking Price $69,900 Inventory $40,000** 
Gross Income $672,000 Real Estate  
Cash Flow Not Disclosed Year Established 1985
FF&E N/A Employees 2

* included in the asking price

** not included in the asking price

This is a great opportunity to own a beautiful smoke shop located in a highly desirable strip center at a busy intersection. This business offers cigarettes, cigars, loose tobacco, pipes, lottery and so much more. There is a very nice 10x10 walk-in humidor. Current owner does not advertise. Some advertising/marketing and you have HUGE potential. Purchaser should expand hours and also open on Sundays to increase foot traffic and revenue. Plenty of room to grow. Seller will train. Don t let this one pass by. Bonus/Discount/Lottery breakdown:Newport pays $2,200 per year for displaysPhillip Morris pays $500 per month RJ Reynolds pays $1,500 per quarter bonus Lottery-$30,000 sales yearly.

Facilities: 800 sq feet in a well maintainted strip mall at a very busy intersection. Ample parking. Rent $1066.67 +NNN

Growth/Expansion: Seller does not currently advertise. Purchaser should expand hours and open on Sunday to increase revenue.

Financing: 45,000 down, 8% 5 years ammortized $504.88 balloon in 2 yrs

Support/Training: Seller will train

Reason Selling: Retiring

AD # 378589

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