Profitable turn Key Vape Shops (3 stores)

This listing comprises of 3 stores that are for sale in the affluent area of Miami. Each stores are fully stocked and sell all kinds of vapes, tobacco products, delta 8, CBD, hookahs and more. Shops are located in shopping plaza in Miami-Dade county not a long distance from each other. Accessible parking outdoors and easy access.
The details of the listing vary upon each shop. Detailed description of employment, rent, and bills cost for each store upon request.

Down Payment: $1,200,000

Total Sales: $1,037,562

Cash Flow: $554,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $80,000

FFE Included: Yes

Inventory: $165,000

Inventory Included: Yes

Year Established: 2017

Days & Hours of Operation: 7 Days a Week 10am-11pm

Non-Owner Payroll: N/A

Employees: 7

Managers: 2

Absentee Owner: No

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $2,556.89

Type of Location: Located in Prominent Shopping Plaza

Square Footage: 1,030

Relocatable: No

Facilities Information:

Each shop have enough space for storage, employees, display, and space for customers. Space is 720 and 1,030 square feet. This business has the less growth sale expenses of every store and distribution around. There are 15 suppliers in total where 3 come from China and the rest are from Florida. Two managers and 2 owners. Employees are under a 1099, pay varies upon position.

Terms and Conditions?:

This business includes 3 established stores fully equipped and well managed

Reason For Sale:

Starting other businesses

Training & Support:

Seller will provide training for 2 weeks at no cost.

Historical Summary:

One shop located in Coral Gables has been opened since 2017 and has built its reputation since. The other two shops have been opened since 2019.

Owner Qualifications:

Previous managing experience

Competition:

The Vaping industry over has a lot of competition, especially in the Miami area. Each smoke shop has their clientele built with recurring customers from surrounding areas. The advantage these smoke shop have is that they have a vast variety of products and the inventory to support the flow of clients. With more than over 160,000 of retail inventory, these businesses has potential for growth.

Potential Growth:

The oldest store has been established since 2017 and has grown rapidly ever since they started buying from China in 2019. The website and the marketing aspect can be improved. Their advertising is done mostly from Instagram but other platforms can be used for the commercial aspect. With the growing industry of CBD and Vape products, more variety of products can be added.

Financing/Terms:

Seller is not willing to finance at the moment