Premier Cigar Store with Smoking Lounge in West Michigan

Main Street Market Maker

Premier Cigar Store with Smoking Lounge in West Michigan

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