BizEx179-KF: Cigar Smoker's Heaven

Background:

General Location:Ventura County, CA
Category:Retail > Tobacco & Related Products
Retail > Miscellaneous Retail
Years in Business:1.5
Under Present Owner:1.5
Hours of Operation:7 Days 11am-12am
Owner Hours:Same
Training:2 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:October 30, 2009
Lease Options:one 5 year option
Building Size:800 sqft
Employees:1 FT; 0 PT

Reason for Sale:
Relocation

Financials

Asking Price:$175,000
Down Payment:$175,000
Gross Sales:$220,000
Discretionary Cash Flow:$80,000
FF&E:$ 10,000
Inventory Included?No
Inventory:$ 40,000
Minimum Operating Capital:$ 10,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 2,575/month
Payroll:$ 0/month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Summary

Business for sale in Ventura County is a fairly new tobacco related smoking lounge. The business has been operational for about a year and a half and has already developed a solid clientele and is significantly profitable. The owner operator has a substantial daily commute and has desires to relocate his family to Orange County so he must sell this gem to move on. Anyone who has had aspirations to open this type of business has probably found out how difficult it is to find a good location with a willing landlord. This has already been accomplished here will a wonderful build out included in the deal. This is a terrific opportunity for someone looking for a lifestyle business that incorporates the elements found here. Owner is motivated to move on.
To find out more please go to bizex.net and "register" or you may contact Kendric Foultz directly at 310-968-2369.


More Details

If you'd like more information about this listing, please register with us or log in to your existing buyer account.

DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.