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Smokeshop for Sale in Monroe, CT

Refer to Listings Number: LS#163 when you contact us -
Great Opportunity for people looking to owner operate a business.

Nestled in a vibrant neighborhood on a bustling street, this established smoke shop is now available for sale, offering a prime opportunity for entrepreneurial success. Spanning 1,050 square feet, the space boasts optimal visibility and foot traffic, creating an inviting environment for customers.

The lease, priced at a remarkably affordable $1550 per month, further enhances the appeal of this business. Currently operating for 10.5 hours a day, six days a week (closed on Sundays), there exists a significant upside potential for increased revenue through expanded business hours.

A recent addition of a lottery has proven to be a lucrative venture, contributing $600-700 in commissions each month. The breakdown of sales showcases a diversified product offering:

30% Cigars
25% Cigarettes
20% Vapes
10% Loose Tobacco
10% Glass/CBD/Miscellaneous
Motivated by a desire to relocate closer to family, the owner, originally from New York, is now looking to sell this thriving business. This transition presents an ideal opportunity for a new owner to step in and capitalize on the established success of the smoke shop.

In terms of finances, the estimated inventory is valued at around $60,000 (to be calculated prior to closing), offering a comprehensive range of products to cater to diverse customer preferences. With strategic marketing initiatives, addition of cash and bitcoin ATMs, and extended business hours, there exists tremendous potential for increased revenue and profitability.

Prospective buyers will be required to sign a non-disclosure agreement (NDA) to safeguard the confidentiality of business information. Additionally, proof of funds will be necessary.

This smoke shop stands as a turnkey opportunity for entrepreneurs seeking entry or expansion in the retail industry. Act swiftly to secure ownership of this business with a solid foundation, proven revenue streams, and promising growth potential.

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Monroe, CT

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