MergerPlace

Dedicated Clientele-Turnkey

Connecticut


  • Asking Price: $850,000
  • Gross Income: $1,181,744
  • Cash Flow: $277,365
  • Real Estate: Not Disclosed
  • Inventory: $50,000
  • FF&E: Not Disclosed
  • Listing ID: #211876
  • Established: 2013
  • Employees: 6 FT / 6 PT

Business Description

Largest Vape Chain in Connecticut. Four stores and poised for growth with franchise platform and private label brands.

High-end, service-oriented, modern stores, positioned to thrive in new regulatory environment that will negatively impact less-prepared competitors.

Lender pre-qualified. Excellent books and records. Employee culture and operating systems in place to mitigate transition risks. The business produced $1.4mm in Adjusted Earnings through four years ending 12/31/2018.

Established systems make this an easy business to operate...and grow.

No tobacco, no Lotto, no paraphernalia--this is a specialized, professional business that serves its adult clientele looking for a cheaper, cleaner and healthier alternative to cigarettes.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Connecticut

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 FT / 6 PT

Financial Information

Asking Price: $850,000
Gross Revenue: $1,181,744
Cash Flow: $277,365
Inventory: $50,000
Seller Financing Available: Yes

Property Information

Facilities:

High-end, service-oriented, modern stores in five leased premises. In 2017, occupancy expenses were 3.2% of total revenues.

Growth & expansion opportunities:

Franchise brand and platform ready for growth.

Competition:

Since debuting in the U.S. in 2007, e-cigarettes and other vaping devices have grown into a $6.6 billion business. Competitors are mostly one-location, stand-alone, tobacco or head shops that do not have economies of scale and upside of this business.

Reason for selling:

Seller will transition this turnkey business to new owners and focus on other businesses.

Support & Training:

Will train for 2 weeks @ $0 cost. All major vape delivery systems offered with over 100 flavors, including private label brand.

Contact Business Seller

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Business Listed By:

Alan Zinser

Murphy Business Brokers