MergerPlace

Largest Vape Chain in CT--Profitable

Connecticut


  • Asking Price: $979,000
  • Gross Income: $1,416,000
  • Cash Flow: $372,528
  • 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. Five 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 $1.1mm in Adjusted Earnings in the three years ended 12/31/2017.


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: $979,000
Gross Revenue: $1,416,000
Cash Flow: $372,528
Inventory: $50,000
Seller Financing Available: No

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