Asking Price: $195,000
Gross Revenue: $514,752
Cash Flow: $138,500
FF & E: $25,000
This Vape Shop was established in 2015 and is part of a small multi-unit operation. The owner is willing to allow a buyer to continue the use of this well- known local brand name with certain operating parameters. The shop occupies 2,100 sq. ft. with a monthly rent of $2,900.00 per month. The current owner is absentee, and the financials have been adjusted to reflect a FULL-TIME owner operator along with part-time help.
For the previous 3 months, the shop has averaged 45 customers per day with an average transaction of $28.00. The shop is beautifully built out and has a very comfortable vibe. The shop offers clients a full tasting bar, allowing them to sample products at their leisure. Many of the customers will spend time in the shop as if they were in a coffee house. The shop’s offerings and programs allow the customer a large selection of e-juices, and e-cigs.
The value was arrived at by using a weighted average of the SDE for 2016 through 2018 and utilizing a multiplier of 1.5 which is including inventory.
Industry experts report that the industry generated $7 Billion in revenue in 2016, and is PROJECTED to reach $47 Billion by 2025.