Price Reduced! Neighborhood Liquor and Smoke Shop, Ready to Grow

Reno, Nevada

Ad ID: 1505911
Type: Established business
Category:
Category: Retail – Liquor Stores

Financials
Asking: $90,000
Included in the Asking Price:
Inventory: $50,000

Gross: $321,526
Cash Flow: $23,623

Summary Description
This liquor and smoke shop is set in a great neighborhood–near UNR, visible to foot and vehicle traffic, and next to a neighborhood bar and coffee shop. They offer a huge selection of liquor, beer, wine, e-cigs, tobacco products and paraphernalia, soda, and snacks. It’s a fun business to run, and the owners have gotten to know many of the regular patrons in the community. Their convenient location next to the bar brings in new customers regularly as bar patrons oftentimes visit the shop during smoke breaks or to buy packaged liquor and snacks to take home. This liquor and smoke shop has a great reputation for reasonable prices, extensive product selection, and friendly and knowledgeable staff. There is very little competition as it is the only shop in the neighborhood to offer alternatives to the usual liquor and tobacco products sold at gas station markets. The shop is clean and enjoys local patronage, so no headaches or hassles (e.g. loitering and theft) that a similar business downtown might see. A motivated Buyer could rapidly grow the business by installing a couple slot machines and an ATM, as well as offering breakfast items and putting in a coffee dispenser island.

General Information
Year Established: 2014
Employees: 1
Facilities: A clean, well-maintained 1050 sf store in an excellent neighborhood. The shop faces a busy street, is easy to get to, and has ample parking.

Market Outlook
Competition: This shop has an 8-year reputation for excellence and enjoys a solid repeat customer base. They stand above their competition by the huge variety of tobacco, e-cig, and liquor products they offer, plus snacks and non-alcoholic beverage options. It’s a great little neighborhood shop that has something for everyone.

Growth and Expansion: Shops that sell flavored tobacco and tobacco alternatives such as e-cigs are among the fastest growing in the nation, and their growth is projected to continue. Opportunities to grow this business are limitless. Adding slot machines, an ATM, a coffee bar, and breakfast items are a few ways to increase the bottom line. Expanding weekend hours could capture more business from patrons of the bar next door. Additionally, the recent legalization of cannabis in Nevada provides an opportunity for this shop to expand its customer base by increasing its inventory of cannabis smoking paraphernalia.

About the Sale
Financing: All cash or terms acceptable to seller
Support/Training: Two weeks
Reason Selling: Relocating











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