Closing a cigar business means dealing with stock that needs the right conditions to keep its value. Planning the inventory early protects what it’s worth.
Keep the stock in good condition until it’s sold
Keep the walk-in or humidors running at the usual humidity and temperature until the stock has been handed over. Cigars that dry out or get too warm lose value quickly, and beetle problems start in warm conditions.
Take a full stock count
Count everything: shelves, walk-in, storage and display humidors. Record brand, vitola, box size, box count, and whether each box is sealed. Photograph the stock as it stands.
Confirm who can sell, and on what terms
If the business is being wound up, the people with authority to sell the stock may change: directors, partners, a liquidator or an administrator. Make sure the right person agrees to the sale, and that any lender with a claim on the inventory is dealt with.
Check licensing, tax and transport rules
Selling tobacco inventory to another business, and moving it, can involve licensing, tax and transport requirements. Rules differ by jurisdiction, so get advice for yours.
Decide how to sell
- Clearance sales reach customers but are slow, and rarely clear everything.
- Selling to other retailers works for some lines, but each wants only part.
- Selling the lot to one buyer is the simplest way to clear the remaining inventory in one handover.
Don’t forget the fixtures
Display humidors, cabinets and humidification systems may have value, either alongside the stock or on their own.
When you’re ready, see cigar shop liquidation, or use the bulk inventory checklist.
Have cigars to sell?
Tell us what you have. We’ll review it and tell you plainly whether it fits what we buy. There’s no obligation.
Submit your cigar inventory