Smoke & Vape Shop in Davie, FL - $289K - Near Nova University, $15K Monthly Net
Executive Overview
Key Investment Highlights
- •Current monthly sales: $35,000 - $45,000, netting profits of $12,000 - $15,000.
- •Potential to increase sales to $55,000 - $60,000 with dedicated management.
- •Annual sales over the last 12 months: $505,000, averaging $42,000 monthly.
- •Affordable rent at $4,500/month, including CAM and taxes.
- •Established in January 2022 with 2 years left on the lease and 5 renewal options.
- •Firm asking price: $289,000, based on current sales and profit.
Located within a bustling Walmart Plaza, this business benefits from high foot traffic and a diverse customer base. The strategic location near Nova University provides a consistent stream of potential customers. Although the current owner has been absent for over a year, a committed manager can easily restore sales to previous levels, boosting net profits to $20,000 - $25,000 monthly.
The shop offers a turnkey business opportunity with an attractive financial profile. With a competitive rent structure of $4,500 per month (inclusive of CAM and taxes) and a secure lease extending 2 more years with 5 renewal options, this investment presents a compelling opportunity. The potential for increased sales and management optimization makes this an ideal acquisition for an entrepreneurial buyer looking to enter the smoke and vape retail market.