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Premier Cigar Store with Smoking Lounge in West Michigan
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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.
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: 517-210-0443
Fax: 248-564-5259
Email: Doug@MainStreetMarketMaker.com
Listing ID:
MSD-23115339-67
Gross Revenue:
$707,964
FF&E:
$10,000 (Included)
Location:
West Michigan
Cash Flow:
$141,730
Established:
25+ years
Type of Business:
Specialty Retail
Asking Price:
$400,000 (Plus Inventory)
Employees:
Owner plus 1 Part Time
