Cigar Store Chain for Sale in West Suburbs of Chicago, Illinois

Located in the West Suburbs of Illinois
Sale includes: the Business, all Equipment & all Fixtures.
Purchase Price / Business only = $594,000 plus inventory

This chain of retail cigar stores opened for business over 14 years ago. Sales and cash flow are increasing, along with their customer base. All of the employees are part-time. Each location has 2 or 3 employees and they are paid $10 - $14.50 per hour. The current owner works here full-time.

The largest cigar & tobacco shop is located at a busy shopping center. The visibility and traffic counts are wonderful, due to the fact it’s located near a busy Mall. The leased space is about 3,500 sq ft and there’s plenty of parking available. It’s a stand alone building and the business has been operating more than 3 years. They have 3 employees at this location. The majority of the sales at this location are premium cigars and tobacco accessories. The average monthly sales are $62,000. At this location they have a customer mailing list of 350 local customers.

Their 2nd store is located in the West suburbs as well. It’s about 1,270 sq ft and opened for business in 2002. The average monthly sales are $145,000. This location sells cigarettes, cigars, tobacco accessories and roll your own cigars. They have 2 employees at this location. This store is located in the heart of a very busy shopping area.

The 3rd store is also located in the West suburbs. It has been operating for 3 years. The leased space is about 1,721 sq ft. They have 2 employees at this location. The average monthly sales are $45,000. Most of the sales at this location are from cigar sales and accessories. The store is located in the historical downtown area of a Western suburb, surrounded by lots of shopping and restaurants. It’s also very close to the main train station in the area.

The 4th store is located near Joliet IL. It has been operating for about 4 years and the leased space is about 1,550 sq ft. They have 2 employees at this location. The average monthly sales here are $42,000. Most of the sales are from cigar sales and accessories. This store is also on a very busy street and in a very busy shopping area.

The current owners are selling to satisfy some financial liabilities.

One key area of opportunity is that they need a website. They have a website they had built & spent $6,500 on, but it hasn’t launched yet.

Note: The owners will consider providing a small amount of seller financing to a qualified buyer.

Asking Price/Business only: $594,000 plus inventory
Gross annual sales (approximately): $2,846,334.00 (2015)
Cash flow (approximately): $384,098.00 (2015)
Value of furniture, fixtures & equipment (approximately): $200,000.00
Value of Inventory (approximately): $195,000.00
Lease details (approximately): There are four locations and they are all leased. One is approximately 3,500 sq ft. The 2nd location is approximately 1,270 sq ft. The 3rd location is approximately 1,721 sq ft. The 4th location is approximately 1,550 sq ft. The leases are personally guaranteed.
Seller Financing: Owner(s) will consider a small amount of financing for a qualified & experienced buyer/operators.
Contact: Tony, This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc. 847-722-1877

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