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Union County, NJ
Bergen County, NJ
Hudson County, NJ
Mercer County, NJ
Fort Lee, NJ
Middlesex County, NJ
Middlesex County, NJ
Available Nationwide
Somerset County, NJ
Warren County, NJ
New Jersey
Somerset County, NJ
Camden County, NJ
Gregory Carafello
First Choice Business Brokers of Manhattan
Serving Morris County, NJ
Founded in 1994, First Choice Business Brokers is one of the largest Business Sales Organizations in the world, with multiple offices located throughout the U.S. listing over $7 billion worth of businesses. Our New York City office consists of 1 Principal, 3 Associates, and administrative personnel. In addition, we have a select team of professional service providers we can recommend that can provide legal, accounting, planning, financing and various other services. First Choice Business Brokers is a member in good standing with the Better Business Bureau (A+ Rating). The FCBB office is located in Manhattan which covers the entire New York and New Jersey Regions. The Principle Broker, Gregory J. Carafello, has over 38 years of extensive Business Ownership experience as a small to medium sized business owner since 1998.
Union County, NJ
Burlington County, NJ
Somerset County, NJ
Somerset County, NJ
Essex County, NJ
Available Nationwide
| Market Overview | Listings for Sale (Median) | Total New Jersey Market (Average) |
|---|---|---|
| Number of Businesses Analyzed | 8 | 181 |
| Asking Price | $355,000 | - |
| Reported Revenue | $421,000 | $1,337,913 |
| Reported Seller's Discretionary Earnings | $118,000 | $71,590 |
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $115,000 | $355,000 | $1,050,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Smoke Shops for sale in New Jersey.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $280,500 | $63,750 |
| Median | $421,000 | $118,000 |
| Upper Quartile | $1,515,059 | $331,562 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Smoke Shops listed for sale in New Jersey.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.42 | 1.92 |
| Median | 0.66 | 2.63 |
| Upper Quartile | 0.87 | 3.39 |
FAQ's
How much does it cost to buy a Smoke Shop in New Jersey?
The median asking price for an established Smoke Shop in New Jersey is $355,000, though prices range from under $115,000 to well over $1,050,000.
How much do Smoke Shops owners in New Jersey earn?
The median reported revenue of Smoke Shops in New Jersey is $421,000 and owners earn a median of $118,000, which includes the owners salary and any other financial benefits they receive.
How do I value a Smoke Shop?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Smoke Shops in New Jersey, revenue multiples range from 0.42 to 0.87, with a median of 0.66. Earning multiples range from 1.92 to 3.39, with the median at 2.63. This means the typical Smoke Shop in New Jersey may ask for around 0.66 times its annual revenue, and 2.63 times its annual owner earnings.
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