Albuquerque’s Premier Tobacco & Cigar Shop
(Retail & Wholesale)
Albuquerque & Central Region, New Mexico
Listed Price: $ 295,000
Listing ID: N207
Listing DetailsGross Revenue: $ 599,467
Cash Flow: $ 104,743
FFE: $ 11,351 (Included in Price)
Inventory: $ 75,000 (Included in Price)
Training & Support:
Seller is committed to seeing new owners succeed and is open to negotiating a generous training and transition period.
Listing SummaryBusiness Description:
This is an established, well-stocked cigar and tobacco shop that has cultivated a loyal following among Albuquerque aficionados over 28 years. The business has over 50 five-star online reviews praising its selection, knowledgeable service and friendly staff. Diplomat status for high-end cigar brands allows this retailer to carry premier lines that cannot be found anywhere else in the local market. Weekly events are well-attended, a strong manager is in place, and the current owner works about 14 hours a week in the business.
With minimal exposure to the vaping market, sales grew 17 percent between 2018 and 2019. Growth has averaged 12 percent since 2016. New owners will inherit over $75,000 worth of inventory, a prime location, and ongoing investments in new lounge furniture, displays and humidor renovations.
Selection and customer service have made this one of Albuquerque’s most successful cigar and tobacco stores.
Seller is currently in the process of upgrading the humidor, introducing new gift selections, and stocking more premium product.
LocationLease Expire: 0000-00-00
Monthly Rent: $ 2,607
Square Footage: 1450
Type of Location: Strip Mall
Long-time occupant of a neighborhood shopping complex with zero vacancies. Located in one of Albuquerque’s fastest growing areas. Ample parking, good visibility and favorable lease.
OperationYear Established: 1993
Absentee Owner: No