Business for Sale

Vape Shop with a Modern + Upscale Lounge - Prime LA Location

BizEx1160-EM

Background

General Location:Los Angeles, CA
Category: Retail
Entertainment
Years in Business:3
Under Present Owner:3
Hours of Operation:10:00am - 10:00pm
Owner Hours:varies
Training:2 weeks @ 30 hours
Organization Type:C-Corp
Lease Expiration:
Lease Options:
Building Size:800
Employees:2
Reason for Sale:Other Business Interests

Financials

Asking Price:$68,000
Down Payment:Negotiable
Gross Sales:$300,000
Discretionary Cash Flow:$60,000
FF&E:$20,000
Inventory Included?No
Inventory:$20,000
Min. Operating Capital:$15,000
Real Estate Available?No
Rent:$5,200
Payroll:$3
Financing:Buyer

2017 2016
Gross Sales $ 320,000 $ 310,000
Gross Profit $ 200,000 $ 185,000
Disc. Earnings $ 60,000 $ 50,000

Description

An Established Vape Retail Store and Lounge in an Upscale area of Los Angeles.

Situated on a busy, premium street with high pedestrian traffic, this upscale business has quickly attracted a loyal following. It enjoys numerous repeat customers and has earned a 5 Star Yelp Rating and many excellent social media reviews.

They have an impressive, sleek and modern lounge area and a large inventory of high quality products. Customers can stay and enjoy their selections in the lounge area or take them to-go. The company does very little marketing and has an prime, upscale Los Angeles location with daily exposure to numerous locals and tourists.

Vapes and E-cigarettes are a high-growth industry. New products are constantly introduced and large number of smokers are turning to this much more preferred and healthy product. A new energized owner could increase annual revenue with some basic marketing with this business. 

Contact me for more information: Eric Mellem, Business Broker, at (310) 293-6414, emellem@bizex.net. For faster response, please complete the "Buyer Registration" including a Non-Disclosure Agreement at www.bizex.net - go to "Buy a Business", drop box to "Registration and NDA".   Thank you!


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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.

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922