Wayne County, MI
Smoke Shops For Sale


Wayne County, MI

Livonia, MI

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First Choice Business Brokers Idaho
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We advise business owners and acquirers through complex, high-stakes transactions with clarity, discretion, and proven results. For more than 33 years, we have closed over $15 billion in business sales, helping founders maximize value and buyers acquire companies built for long-term success. Recently SOLD Team Idaho Businesses Include: >$6,800,000 Plumbing & HVAC Business >$925,000 Online Auction Business >$700,000 Dry Cleaning Business >$400,000 Residential Roofing Business >$360,000 Home Decor & Floral Shop >$350,000 Vegetation Management Spray Business >$320,000 Concrete Craft Franchise Business >$225,000 Loan Brokerage Specializing in Manufactured Homes >$220,000 Concrete Repair Business >$150,000 Pet Grooming Business >$95,000 Coffee Shop >$75,000 Garage Epoxy Floor Business >$75,000 Pizza Factory Franchise Restaurant >$65,000 Remodeling Co "First Choice Business Brokers – Idaho Nationwide Recognition!" >2025 Ranked Number One Runner-up, Sales Brokerage Office – Idaho >2025 Ranked Number One Runner-up Sales Associate >2025 Executive Club Award *$15B in Business Listings, 134 Independent Broker Offices, 278 Professional Brokers “International Business Brokers Association – International Recognition!”, 2025 Inducted into the 2025 IBBA Chairman’s Circle We serve as true deal matchmakers, structuring transactions that align financial objectives, operational realities, and long-term vision. Our proprietary network includes thousands of qualified buyers—from strategic acquirers to private investors—allowing us to generate competitive tension while maintaining strict confidentiality. Our ideal clients are established, profitable companies with five or more employees, demonstrated scalability, and sustained market demand. These businesses are well-regarded in their industries and positioned for a successful transition. Whether planning an exit or pursuing an acquisition, early preparation and expert guidance are critical to achieving optimal outcomes. Let's GO!
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| Market Overview | Listings for Sale (Median) | Total Market (Average) |
|---|---|---|
| Number of Businesses Analyzed | 255 | 12,478 |
| Asking Price | $275,000 | - |
| Reported Revenue | $540,000 | $1,412,206 |
| Reported Seller's Discretionary Earnings | $144,710 | $84,732 |
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $145,000 | $275,000 | $675,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Smoke Shops for sale.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $300,000 | $78,268 |
| Median | $540,000 | $144,710 |
| Upper Quartile | $1,111,347 | $275,750 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Smoke Shops listed for sale.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.37 | 1.47 |
| Median | 0.55 | 2.15 |
| Upper Quartile | 0.76 | 2.89 |
FAQ's
How much does it cost to buy a Smoke Shop?
The median asking price for an established Smoke Shop is $275,000, though prices range from under $145,000 to well over $675,000.
How much do Smoke Shops owners earn?
The median reported revenue of Smoke Shops is $540,000 and owners earn a median of $144,710, 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, revenue multiples range from 0.37 to 0.76, with a median of 0.55. Earning multiples range from 1.47 to 2.89, with the median at 2.15. This means the typical Smoke Shop may ask for around 0.55 times its annual revenue, and 2.15 times its annual owner earnings.
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