Premier Retail Boutique, Smoke Shop, and Body Art Parlor for Sale

We are pleased to offer a premier retail boutique, smoke shop, and body art parlor, which has enjoyed nearly three decades of success in Michigan. With multiple profit streams including exceptional herbal supplements, retail goods, and a dedicated space for body art, this popular establishment continues to bring in loyal, repeat customers, and provide distinctive boutique retail items to the surrounding area. This motivated owner-operator is looking at winding down after a prosperous run, and looks forward to transitioning the company to only its second owner.

This thriving business is conveniently located along Lake Michigan off of a major State Highway in Southwest Michigan, and is nestled within the heart of several popular tourist attractions and destination locations. Additionally, the establishment is zoned to sell adult novelties. The establishment occupies a quaint 1,000 square foot building, while free dedicated parking adjacent to the building offers convenience for the owner and customers alike. This attractive piece of real estate is included in the transaction.

Frequented by a loyal customer base thanks to its ample array of products related to glass, recreation, CBD, and adult products, this opportunity comes with nearly $90,000 of salable inventory. A secondary outpost with common ownership will be closed shortly before the sale, the inventory of which may be purchased at sub-cost by an interested buyer.

The business offers high-end heady glass, supplements, body jewelry, adult novelties, and an array of unique accoutrements to cater to customers with an alternative lifestyle. With an attractive onsite body art conservatory, the location has been grandfathered in as a Body Art Facility licensed by the Department of Health and Human Services (MDHHS), with licensure granted to the next owner contingent on fulfilling annual compliant health inspections.

Now let’s talk numbers. The company has had average annual revenues of $328,000 over the past four years – including a COVID year! During the same period, it produced an impressive SDE of $120,500 annually (SDE: seller’s discretionary income - the historical, normalized cash flow available for the buyer to service bank debt). This attractive opportunity is being offered at $429,000 and consists of 3 key components. (1) The enterprise value based on an industry multiple of 2.5x SDE (2) $90,000 in salable, cost-basis inventory (3) Retail-oriented real estate plus included residential storage building. In addition, the buyer gains the goodwill and fixed assets of a business boasting an impressive 20+ years of service. Business and real estate are fully bankable under the SBA’s 7(a) lending program, and the Seller is prepared to carry a Seller Note for a qualified buyer.

To learn more about this opportunity contact Jane Steele at 616-301-4964 or [email protected].