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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.

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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.

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Dr. Mark Hagar

A lifelong resident of Fort Wayne, Indiana, Dr. Mark Hagar brings decades of hands-on experience in small business ownership, acquisitions, and turnarounds to his role as a business broker. Over his distinguished career, he has acquired and operated more than 20 companies and engineered over 50 successful turnarounds, giving him a uniquely practical understanding of what makes businesses succeed, and sell. His portfolio spans manufacturing, distribution, and service firms in industries including printing, education, military contracting, aerospace, and orthopedics. This diverse background enables him to identify value, anticipate buyer needs, and structure complex deals with confidence and precision.


Mark holds a Doctorate in Business Administration (DBA) from Cranfield University’s School of Management in Bedford, England—one of Europe’s leading business schools. His research on small business resilience and operational excellence has been recognized by the Small Business Institute (SBI), the United States Association for Small Business and Entrepreneurship (USASBE), and the International Council for Small Business (ICSB).


In addition to his business career, Dr. Hagar has served as a member of faculty at several institutions of higher education, including Holy Cross College (Notre Dame), Trine University, and the University of Saint Francis. He also hosted Your Business Matters, a small business–focused radio show and podcast for more than a decade and is the author of Small Fortunes – the Acquisition Entrepreneur’s Guide to Buying a Profitable Small Business.


A passionate advocate for entrepreneurs, Mark previously chaired the Indiana Leadership Council for the National Federation of Independent Business (NFIB), representing small business owners before state and federal legislators. He currently serves as President of the Allen County, Indiana Economic Development
Commission.


As a broker, Mark specializes in industrial, manufacturing, and distribution firms, with particular expertise in special situations, distressed assets, and complex transitions where experience, creativity and discretion are central to success.