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BUSINESS FOR SALE - PROFILE #  41720070

Vapor Store with Two Locations
Wilmington North Carolina Area

Asking Price: $200,000   Down Payment: $200,000  
Gross Revenue: $373,744   Adj. Cash Flow*: $77,225  
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Executive Summary
This is an excellent opportunity to buy an established vapor business with two locations. The second location has a drive up window. Due to the Corona virus one location was forced to close temporarily. The other store's drive up access has been able to produce the income of both stores combined prior to the Corona virus as they are the only comparable store in the area with the convenience of a drive up window.
They provide customers with a variety of products focusing primarily on vapor liquids, equipment, and CDB products. The business was started over 6 years ago with the second store opening 2 years later. Strong growing sales with good books and records make this a great business to own. It is currently run with a partial absentee owner. A hands on buyer would greatly increase the present sales volume as well as cash flow. Both stores are located in busy areas of a fast growing coastal community with unlimited growth potential due to the continued expansion of this coastal area of North Carolina. This is a true “turn key” business with all of the furniture, fixtures, and equipment included in the sale.

Acquisition Highlights

  • Monday - Sunday 11:00 Am - 8:00 PM
  • Great books and records with excellent tax returns. There is no discretionary earnings to consider.
  • Two separate locations. Both are in strip malls with the second store having a drive up window.
  • The business was started in 2013 by the present owner. The second location was opened two years later.
  • Financing Information:  Owner willig to finance for a qualified buyer
  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2013 Inventory: $70,000 Included
Employees: 4 PT Furniture, Fixtures & Equipment: $15,000 Included
Lease/Rent: $2,450 Real Estate:
Building Sq Ft: 2000
    Total Assets Included in Sale: $85,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Ken Puryear
Phone:  (910) 270-2927
Fax:  (910) 270-2928
Other:  (910) 620-1740
E-mail:  ken@vrwil.com
VR Business Brokers - Hampstead, NC
221 Hampstead Village
Hampstead, NC 28423
www.vrwil.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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