BizEx348-KF: Cigarettes and Cigars

Background:

General Location:Moorpark, CA
Category:Retail > Tobacco & Related Products
Retail > Tobacco & Related Products
Years in Business:6
Under Present Owner:6
Hours of Operation:7 days 9-7
Owner Hours:Full time
Training:2 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:March 17, 2011
Lease Options:Buyer to secure new lease
Building Size:1,200 sqft
Employees:0 FT; 0 PT

Reason for Sale:
Burn out

Financials

Asking Price:$80,000
Down Payment:$80,000
Gross Sales:$480,000
Discretionary Cash Flow:$80,000
FF&E:$ 15,000
Inventory Included?No
Inventory:$ 10,000
Minimum Operating Capital:$ TBD
Real Estate Available?No
Real Estate Asking Price:$ N/A
Rent:$ 3,200/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

Cigarette and cigar shop for sale near upscale part of Ventura county. Price just reduced by over 30%. This owner operated business has been established for six years and has built a loyal following. The owner strategically located the business in an area that gives him a competitive advantage and keeps out competition. The business sells cigarettes, cigars, and other tobacco and non tobacco related consumables.
The owner works full time and has no employees. This could be an ideal business for a family or a partnership. The business is located in a large shopping area with prime anchor tenants. Only about half of the current space is being utilized so a new owner could get creative and take advantage of this fact. The business was strategically located and is positioned such that there is little to no competition. The current rent is less than 10% of revenues and there might be room to lower it regarding a new lease. In any case it is the location that makes this business work. For more information about this opportunity please go to www.bizex.net and "register" or you may contact Kendric Foultz directly at 310-968-2369.


More Details

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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.