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Tobacco Shop With Expansion Opportunity For Sale

Okanagan, British Columbia, Canada
Asking Price:
$55,000 (CAD)
Sales Revenue:
$450,000 (CAD)
Cash Flow:
$45,000 (CAD)

This is a successful business with constant increasing revenues despite Covid. With multiple new product lines added to the business the revenues have significantly increased from last year.

Located in the central Okanagan, serving high quality tobacco products including:
- High-end cigars
- Pipe tobacco (both bulk and prepackaged)
- Cigarettes (both basic and specialty)
- High quality accessories
- E-cigarettes

The business has established an extensive customer base over the years. The business is currently operated as an absentee-owner. This is a great opportunity for an owner-operator or to have an increased cash flow.

Property Information

Real Estate:

Lease

Lease Terms:

Expiry 2021 + 2 extensions of 3 years

Leasehold Rent:

$2,250 (CAD) per annum

Premises Details:

Excellent high-traffic location with 2,000 square feet of prime retail space. Includes two large store- front window display areas that have been enhanced for added security. The current facility is adequate for future growth expansions. There are two private parking stalls behind the building with a reinforced heavy-duty metal door.

Size in square feet:
2,000

Business Operation

Expansion Potential:

This business is well-positioned to grow within the existing service areas by adding more industry-related products and/or mail order services.

*** The additional 1,000 square feet of space that is not currently used, provides a huge opportunity to expand the current operations to include more retail space or any other allowed usage. The Buyer has to do the due diligence to obtain the necessary approval to develop the unused space.***

Reasons for selling:

Retirement

Employees:
2
Years established:
10

Other Information

Inventory / Stock value:
$80,000 (CAD)

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