Tobacco Shop with Convenience Store Opportunity

Listing was updated at: 12/10/2019
Property Overview
Price/Rent PSF $ 79,995.00
Asset Type Business for Sale
Trade Type Sale
SQ. FT. Available 2,000
Date Available 12/10/2019
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Description

Located in the heart of downtown Kelowna serving high quality tobacco products including: - High End Cigars - Pipe tobacco (both bulk and pre-packaged) - Cigarettes (both basic and specialty) - High Quality Accessories - E-cigarettes Lottery, snacks and cold drink sales make this business one of a kind in the neighborhood The business has established an extensive customer base over the years. Thanks to the many offices and complementary businesses around the area for the success of the business over the years. The business is currently operated as an absentee-owner. Priced right, this is a great opportunity for an owner-operator to have an increased cash flow. Facilities: Excellent high-traffic location with 2,000 square feet of prime retail space in Downtown Kelowna. Includes two large storefront 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 located on the backside of the building with a reinforced heavy-duty metal door. Growth / Expansion: This business is well-positioned to grow within the existing service areas by adding more industry-related products and/or mail order services. *** With the additional 1,000 square feet of space that is not currently used, there exists a very desirable opportunity to expand the current operations to include convenience store products, cannabis accessories or any other allowed usage *** Asking Price: $79,995 Gross Revenue: $500,000 SDE Cash Flow: $45,000 Inventory Included: No Inventory Value: $80,000 Real Estate Included: No Real Estate Value: N/A Square Footage: 2,000 Is this a leased space: Yes Monthly Rent: $2,250 (+ CAMS) When does lease expire: 2021 + 2 extensions of 3 years Years in Business: 2009 / 10 years Number of Employees: 3 Owner willing to train? Owner is willing to train. For more information contact Business Finders Canada: (250) 491-1111 **Any images used for this posting may not be a representation of the actual Business or Property for sale** Keywords: tobacco business for sale kelowna bc, tobacco shop for sale can be converted into convenience store, cannabis accessory store, cigar business for sale in british columbia, okanagan cigar and tobacco shop for sale

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