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Cigar And Pipe Shop
Location New York,United States
Asking Price Range < $250K
Gross Revenues $296000
Net Profit / Cash Flow $43000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 1 - 3
Inventory 92000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will stay on for a negotiated transition period to train the buyer in all phases of the operation.
Reason for Sale Health considerations require relocation to a warmer climate.
Description The company is a well-established cigar, pipe and roll your own tobacco shop. The tobacconist carries products in various forms and most related accoutrements such as lighters, matches, pipe cleaners, pipe tampers, ashtrays, humidors, cigar cutters and more.
The retail shop deals primarily with walk-in customers. It is a cash business with no receivables or payables. All inventories are paid for when purchased, even though all suppliers offer credit terms. A prospective buyer will need to secure a ''certificate of registration for cigarettes and tobacco''.
The shop has a walk-in humidor with close to 400 types of hand rolled cigars. There are currently over 60 blends of pipe tobacco, both bulk and packaged available, with all of the necessary supplies used by the pipe smoker.
The roll your own (RYO) department is a large part of the business, due to the high cost of cigarettes in New York State. The shop carries over 30 brands of tobacco for rolling and 25 types of cigarette tubes used in the process. Cigarette tobacco injectors and cases are also a large part of the RYO sales volume. Miscellaneous items include flasks, incense, smoker's candles, sunglasses and a small inventory of magazines and books.
Possible enhancements to the business would include some additional signage on the south corner of the plaza. Holding ''cigar events'', adding new product lines and doing business with the local golf courses should also increase sales volume. The first priority should be to establish a company website to develop an on-line shopping presence.
Asking price for the business is $129,000. For more information, call 518-369-5959.
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