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*