Business Category: General Merchandise Stores and Miscellaneous Retail
Listing Price: $300,000
Cash Flow: $155,012
Have you dreamed of owning your own profitable retail business? Founded in January 2008, this Smoke Shop located in Allegan, Michigan thrives on its excellent customer service, quality products, and competitive pricing. Don’t miss out on this gem.
They provide the community with bulk tobacco and smoking accessories. The store carries a wide range of electronic cigarettes and E-Liquid, and everything from glass water pipes to traditional wood tobacco pipes. The shop also sells a wide variety of Hemp CBD products such as tinctures, lotions, salves, edibles, etc. (and don’t forget the Pet CBD tinctures and treats!).
The Company has a strong returning customer base, as well as a consistent influx of new customers, which are often generated via word-of-mouth and the Company’s very strong and positive online reviews. The smoke industry is always evolving, and the Company has always striven to evolve with it, which is the key to its success.
Opportunities For Growth:
(1) Industry Growth: The Tobacco industry is always evolving. The Company has done its best to evolve with it, and continuing to keep up with new trends and products will be key to additional growth.
(2) Introduction of New Products: The Company could increase profit margins by bringing in new products, such as additional vapes and glass, as well as CBD products, which are becoming a big area of growth for the industry.
(1) Customer Service: The Company has thrived on its exceptional customer service. The staff is knowledgeable and friendly and goes above and beyond to make sure their customers are satisfied, which is why the Company has such a large return customer base.
(2) Quality Products & Competitive Pricing: The Company’s wide variety of quality products, as well as their competitive pricing, has made the Company continue to stand out in its industry.
(3) Customer Reviews: The Company has excellent reviews from satisfied customers.
Real Estate Value: $200,000
Real Estate Available: For Sale
Reason For Sale: The owners are looking to sell the business due to health issues.
Number of Employees: 2