![]() |
Asset Sale Description
Key Highlights:
Asking Price: $365, 000
Inventory: $65, 000 included
Monthly Sales Revenue: Approx. $40, 000
Net Operating Income: $10, 000 - $12, 000 monthly
Discretionary Income: Higher potential if owner-operated
Google Business Page: 305 glowing 5-star reviews
Business Overview:
This thriving smoke shop offers a lucrative opportunity for both experienced entrepreneurs and first-time business owners. With an impressive profit margin of 60% and steady monthly sales revenue around $40, 000, this business generates a consistent net operating income between $10, 000 and $12, 000.
Why This Smoke Shop?
Prime Location: Situated in a high-traffic area with a loyal customer base.
Well-Stocked Inventory: $65, 000 worth of inventory included in the sale, ensuring you’re fully equipped from day one.
Outstanding Reputation: The business boasts a Google Business page with 305 stellar 5-star reviews, reflecting its excellent service and customer satisfaction.
Additional Benefits:
Established Brand: Strong brand presence with a dedicated local following.
Growth Potential: Significant discretionary income potential, especially if the buyer becomes an owner/operator.
Turnkey Operation: Walk into a fully operational and profitable business.
Don’t miss this exceptional opportunity to own a successful smoke shop with a proven track record. For more information and to schedule a viewing, contact us today!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$365,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $292,000 | $292,000 | $292,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.282% | 6.623% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,967 | $1,967 | $2,524 |
Total Monthly Payment | $2,042 | $2,042 | $2,599 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.