Premier Cigar Store with Smoking Lounge in West Michigan

Main Street Market Maker

Premier Cigar Store with Smoking Lounge in West Michigan

SOLD – This established retail store and cigar smoking lounge is a destination spot for the Greater Grand Rapids and surrounding area’s cigar aficionados, as well, as return customers from out-of-state and Canada. It also services multiple West Michigan golf courses and retail outlets. In business for over 30 years, it is known for a high level of customer service to aficionados and first-time customers alike. Its walk-in humidor is the largest in West Michigan and is filled with the best premium, hand-rolled cigars in the industry. This business also offers cigar accessories, pipe tobacco and ample seating in its clean, comfortable, media-enable lounge in which to enjoy a great cigar with friends and coworkers.

The demographics of the area are favorable to increased customer traffic and expansion opportunities are present to include on-line sales and furthered wholesale.

Listing ID:

MSD-23115339-67

Location:

West Michigan

Type of Business:

Specialty Retail

Asking Price:

$400,000 (Plus Inventory)

Gross Revenue:

$707,964

Cash Flow:

$141,730

Inventory:

$50,000-$100,000

FF&E:

$10,000 (Included)

Established:

25+ years

Employees:

Owner plus 1 Part Time

Facilities:

Largest walk-in humidor in West Michigan
Comfortable cigar smoking lounge with ventilation sys.
State of Michigan Cigar Bar Smoking Exemption
Well established location within the marketing area

Real Estate / Lease Terms:

Gross lease on favorable terms

Growth Opportunity:

Gross revenue and cash flow have been steady
Possible incorporation of food and alcohol
Open additional locations in underserved markets
Create additional wholesale opportunities

Competition:

The lounge is one of four cigar stores in all the local area
Offers upscale lounge, ranked #1 in the area by Yelp
Large loyal consumer base
Offers personalized service
Sells to wholesale accounts

Support & Training:

Owner will train for transitional period and assist with:
Monthly OTP tax submission process
Annual smoking exemption renewal process
Introduction to suppliers/manufacturer reps
Introduction to customer regulars

Reason for Selling:

Owner would like to retire

Broker Contact:

Doug De Jonge – Main Street Market Maker a division of Advanced Business Advisors, LLC

Direct: 616-293-5272

Fax: 248-564-5259

Email: Doug@MainStreetMarketMaker.com

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. Above information is subject to change and/or correction and should not be considered binding.

Main Street Market Maker