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Profitable Smoke Shop
Medicine Hat, Alberta
Asking price $: 120,000
Sales Revenue $: 600,000        Cash Flow $: 50,000
Business Description

Take over a turn key business! I have done all the hard work through the last 3 years to make this business profitable and perfect for an owner operator. Last year alone I paid out $80,000 in employee wages. If you are looking to get out of a 9-5 work life and run your own business, don't miss out on a great deal. This was originally a franchised location, but because of the lack of experience and knowledge of the franchise owners I chose to go on my own. That means no more franchise fees and more money in your pocket. Everything is set up for an easy transition with all training provided.

*PLEASE DO NOT INQUIRE IN STORE, CONTACT ME THROUGH EMAIL OR PHONE*

Detailed Information
Room to Grow
I currently have another Olde Towne Smoke Shop location in Taber, AB. We are currently doing 1-1.2 million in revenue with 22-24% margins. I believe the Medicine Hat location can preform just as well with the right minded buyer. Our success in Taber has come from transforming mainly into a Vape/Head shop with the convenience of carrying cigarettes, cigars, pipe tobacco and accessories. Right now in Med Hat we have established ourselves a large cigar customer base and have just begun to vamp up our Vape and Hemp section.

Start up costs to open an identical store would cost you 150-190k. And that would not include carrying the cost of not making money your first couple years.

Asking Price Break Down
-50k for store build out/assets (computers, POS, signage etc)
-70k for Inventory

Reason for selling.
-I have recently obtained a Liquor Store in Taber, along with getting my Real Estate License and just don't have time to keep an eye on my location in Med Hat.

*PLEASE DO NOT INQUIRE IN STORE, CONTACT ME THROUGH EMAIL OR PHONE*
 
Business Category: Store/Shop

Business For Sale Marketplace In Alberta

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