Profitable Smoke Shop Near Downtown Long Beach – Zoned for Cannabis!

For Sale in Long Beach, CA

Listing ID: 2672 | Broker Listing ID:

Financial & Assets Details

Revenues: $94,000

Cash Flow: $160,000

FF&E: $20,000

Inventory: $35,000

Inventory Inc. in Price: Yes

Square Feet: 700+/-

About the Business

Relocatable: Yes

Year Established: 1016

Employees: 1 FT

Lease Amount: $1,300

Business Description

Located only a few minutes from popular Downtown Long Beach, this modern smoke shop was recently updated and has about 700 square feet of retail space in a great location. The location is adjacent to a liquor store and has plenty of foot traffic. This business is open 7 days a week currently.

Employees are willing to stay on and continue running the shop or can supplement an owner operator. Owner can substantiate inventory purchases with individual receipts and franchise tax payments that will demonstrate a growing revenue stream. Sale includes approximately $35,000 in inventory at cost.

The owner is highly motivated and is willing to entertain all reasonable offers. He lives out of the area and the business is currently being absentee run. This location has only been open for approximately 2 years and has shown steady growth since opening. Lots of potential here!