El Paso's Premier Cigar Lounge: Proven Profits & Upscale Appeal
El Paso, El Paso County, Texas, United States
Asking Price$140k
Revenue$185k
EBITDA-
Cash Flow$65k
Description
Step into a world of sophistication and profitability with this premier cigar lounge in El Paso. Established for over five years, this business has become a hallmark for cigar aficionados. It offers an exquisite selection of cigars and a full-service bar. With a consistent annual gross revenue of $185,000 and a net owner’s profit of $65,000, this turnkey operation is primed for success. The lounge's 626 sqft space exudes comfort and style, all within a manageable rent of $1,665/month. The sale includes an inventory valued at $20,000 and FFE worth another $20,000. Ideal for an entrepreneur or investor seeking a thriving business with a loyal customer base. Contact us for more details after signing an NDA.
Real Estate
Rent is $1,665 per month
Building Size: 626 sq. ft.
Furniture Fixtures & Equipment
$20k
Inventory
$20kIncluded in Asking Price
Number of EmployeesFull-Time: 3
Year Established
2019
Reason Selling
Owner seeking new opportunities.
Facilities & Assets
This cigar lounge is housed in a strategically located 626 sqft space, offering a cozy and welcoming ambiance. Monthly rent is a competitive $1,665. The sale includes $20,000 worth of high-quality cigars and related inventory, plus $20,000 in furniture, fixtures, and equipment (FFE), ensuring a seamless transition for the new owner. The well-maintained facility and assets reflect the business's commitment to quality and customer experience. This turnkey operation is set in a vibrant area.
Support & Training
Post-sale, the seller will provide necessary support to facilitate a seamless transition, ensuring the new owner is well-positioned for continued success.
Market & Competition
The market for premium cigar lounges remains robust, particularly in areas with an appreciation for refined leisure activities. This business capitalizes on the steady demand for high-quality cigars and upscale social experiences. In the local scene, it stands out due to its exceptional service, curated selection, and inviting atmosphere. While there is competition, this lounge's established reputation and loyal clientele set it apart, offering a unique advantage in the thriving El Paso social and leisure market.
Growth Opportunities
Significant growth opportunities exist for this cigar lounge. Potential areas include expanding the range of premium cigars and beverages, introducing events like tasting nights or private parties, and leveraging social media for wider reach. The local market shows promise for increased patronage with targeted marketing. Additionally, extending operating hours or offering membership programs could further boost revenue. There's room for innovation in customer experience, possibly by integrating new services or collaborations with local businesses.
Asking Price$140k
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.