Listing #: 114-10082
Category: Retail
  • Listed Price $ 139,000
  • Down Payment $ 100,000
  • Gross Sales $ 262,000
  • Total Income $ 69,000
  • Equipment/Fixtures$ 54,000
  • General Location Charleston, SC
For more information contact:
Terry Kinder
Office:
Cell: (843) 860-5675
Office Website

Cigar Store - Absentee Owned in Charleston, SC

Turnkey opportunity to own a well-appointed Cigar store located in a rapidly growing suburb of Charleston, SC. This is a profitable, well established Cigar store and full-service lounge that also carries beer/wine, pipe tobaccos and all related accessories with sales growth of 45% in 2016, reaching total sales of $262,000 with 58% gross margins. This sales growth continues in 2017 at a double-digit pace. The business is operated by an absentee owner, providing an outstanding opportunity for an owner operator to expand sales and profitability. Priced to sell at only $139,000 plus inventory. Taking into account over $50,000 in furniture and fixtures that convey with the sale, this price represents only 1.3X projected 2017 cash flow of $69,000.

Financial Information

  • Gross Sales:$262,000
  • Total Income: $69,000
  • Listed Price:$139,000
  • Down Payment $100,000

Financing: Some seller financing possible for the right buyer.

Assets & Lease Information

  • Inventory: $20,000
  • Leasehold Improvements: $60,000
  • Equipment/ Fixtures: $54,000
  • Base Rent: $2,188
  • Total Rent: $3,112
  • Rent Deposit: $1,324
  • Year Established: 2008
  • Square Feet: 2,896
  • Lease Ends: 6/2021
  • Lease Options: 5 Years
  • Categories: Retail
  • Other Assets:

Additional Information

  • Full-Time Employees:2
  • Part-Time Employees: 0
  • Contract Staff: 0
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  • Training Period: 30 Days part time
  • Special License Required: SC Tobacco Retail
  • Reason for Selling: Opened new business

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.