How Much To Open A Cigar Lounge (a brief cost analysis overview)

[@thunderthumbz3293]

When you say 3-5 years to become profitable is that before you can take money out to pay yourself or profit in addition to paying yourselves? I mean how on earth can anyone survive for 3 years without income?

[@TheCigarGuys]

We consider paying yourself, your salary, etc. as an expense. So profit in addition to paying yourself.

[@andrewsmall1193]

Question is, do you guys have a spot, how much did it cost, and how did you finance it?

[@TheCigarGuys]

We do not have a physical retail store. Only online at the moment. But we have many friends that own shops and/or lounges. Finance either through the bank or with private investors.

[@BigJhits]

Where do you get 100k for a liquor license? It’s max 18k here & I’m in Cali

[@TheCigarGuys]

It depends on the city/county. There are places in California where the license can cost upwards of $300,000. Here in Florida, same thing. Anywhere from a few thousand to hundreds of thousands of dollars.

[@raddad2040]

I wonder what a ballpark estimate for sales might be for the first year?

[@TheCigarGuys]

It all depends on the location and customer demographics. But often times, it usually takes around 3-5 years to become truly profitable.

[@raddad2040]

Probably hard to find investors for tobacco I would imagine. Bummer.

[@TheCigarGuys]

It’s becoming more popular so more people are looking to invest. But, the plan has to make sense. Investors don’t want the risk to be TOO high.

[@carlosliriano4339]

500k 😬

[@TheCigarGuys]

Yeahhhh 😬