Description

Very nicely designed & decorated Vape & Coffee place located in a very high traffic area of an upper income community in Orange County. It has been in the business for the last 3 years with great monthly sales of $45,000 to $65,000 a month & operates on absentee basis ownership.

The owner spent total of $250,000 in the store buildup in the last 3 years including the remodeling of the coffer bar which is done 1.5 years ago & that made it one of nicest Vape shop & coffee bar in the area. They emphasized on all kinds of details on building the coffee bar with high end roaster. They offer cold brewed & Boba & some of the best kind of coffee in town. Need to see the coffee bar to appreciate.

They have many types of Vapors paraphernalia from different parts of the world & great inventory of Vapor products which makes their shop very unique in this area.

There is a manger & seven other employees on board which all work.
On full time basis & that makes the payroll expenses about $15,000 a month. According to the owner a new buyer can easily reduce or even cut the labor in half. At the same time the new buyer possibility could utilized half of the current store square footage & reduces the rent by about 50% & that increases the monthly net profit at least by $10,000 a month.

The owner’s son used to manage the store in the beginning for a few months & because of his health complications which is unrelated to the job has to stop working & that is why the shop is for sale. Seller is very motivated.

Annual Revenue: $500,000
FF&E (Included in the price): $50,000
Inventory (Included in the price): $70,000
Seller’s Discretionary Cash Flow: Call/Email
Asking Price: $195,000

Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Posted Apr 3, 2016

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