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Los Angeles Cigar Lounge & Brand in Bustling Area Full of Personality

California, Los Angeles
Asking Price $175,000.00
Gross Income $335,000.00
Cash Flow $335,000.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • Beer Wine Bar

  • Liquor Bar Lounge
Overview
This Los Angeles Area cigar lounge is located in one of the city s hottest areas for this concept. The facility boasts an excellent location with built-in daytime professional as well as evening residential foot traffic, a large walk-in humidor, a retail sales area and a screening room / smoking lounge, private customer lockers, its own brand of rolled cigars, rolling services, memberships, concierge services for customers (individuals, restaurants, golf & country clubs, liquor stores, etc.). As this lounge and store has cigar rolling capability via its staffers, it has its own brand or cigars and can private label products for others so the opportunity exits for its buyer to go into the large market of cigar manufacturing, private labeling for nightclubs or restaurants, or to grow the business via hosting cigar parties either on or offsite, complete with cigars branded however the host or client seeks their cigars to be! Since the business is absentee owned by a cigar enthusiast, the business could tremendously benefit from an onsite operator!
Business Details
Location and Facilities: This 1,227 square foot facility leases for $2,500 per month on a lease until August 2015 with one 5 year option. The sale includes all of the lounge s furniture, fixtures, equipment, leasehold and established goodwill. Roughly $25,000 in inventory will be sold at cost at close in addition to the asking price.

Support/Training: Two weeks at 20 hours per week or as negotiated

Market Information and Position: As this lounge and store is absentee owned by a cigar enthusiast as opposed to a professional retailer, it could tremendously benefit from an onsite working owner who seeks to promote the business, boost sales to insure a high average dollar sale from each customer, and most importantly, provide stellar customer service while minimizing costs and any potential lost opportunities. New owners can also focus on further branding the store s own cigar label, concierge services, private labeling for complementary partners (country clubs, golf courses, liquor This cigar lounge and retailer faces competition on several levels. This business, however, caters to the aficionado s who not only seek a merchant who understands the nuances of fine cigars, but who also provides the ambiance and environment filled with like-minded persons who share and can appreciation their passion. This company does manufacture its own cigars, provides concierge service to restaurants, golf and nightclubs, etc. which does set it apart. Competition: is low as few other similar businesses exist

Reasons for Selling: Personal

Financing:

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