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Bong Shop / Cigar Store For Sale

Calgary, Alberta
Asking Price:
$120,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$500,000 (CAD)
Cash Flow:
Available on request

PRICE REDUCED!!!

*** 2018 sales on track for $530 000.
Asking price reflects Inventory at $100 000 and $20 000 for cash registers, computers, equipment, fixtures & fittings, etc. ***

Established 9-year-old business in NW Calgary. Started as a cigar store and morphed into a bong shop with cigar and some tobacco sales, over the last 4 or 5 years. Sales of almost $1 million in 2014, but sales are down due to the Oil price collapse and related ongoing poor Economy in Alberta.

Huge potential for the coming gold rush with recreational Cannabis legalization on 17 October 2018. Potential to increase sales on Cannabis related accessories as well as by expanding the tobacco/cigar section and by adding e-cigarettes/vapes.

PLEASE NOTE:
1) ALL of Crowfoot shopping area is a NO CANNABIS retail zone as per the City of Calgary business zoning. There will be NO Cannabis retail stores allowed in Crowfoot.
2) I will need you to complete a Non Disclosure Agreement. This allows you to disclose Financial Info to your Bank and/or Accountant, but no other third party.

Complete the contact seller form for more information.

Property information

Real Estate:

Lease

Lease Terms:

Lease valid until Aug 2019

Leasehold Rent:

$61,663 (CAD) per annum

Location:

NW Calgary

Premises Details:

Ground floor facing street.

Size in square feet:
1,133

Business Operation

Expansion Potential:

Pending recreational Cannabis legalizastion on 17 October 2018, will be a huge bonus for the sale of Cannabis related accessories. Possibility of increasing sales by expanding tobacco/cigar section and adding e-cigarettes/vapes. Potential extra sales for Sundays if open on Sundays.

Competition / Market:

Bong shop in Bowness, Smokeshop in Royal Oak.

Reasons for selling:

Moving to Penticton, BC as soon as possible.

Trading hours:

10 am to 8 pm Monday to Saturday. Sundays closed.

Employees:
Owner with 2 part time students
Years established:
9

Other Information

Support & training:

Owner will assist for 1 month

Furniture / Fixtures value:
$20,000 (CAD) - included in the asking price
Inventory / Stock value:
$100,000 (CAD)
Website:
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Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

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