MergerPlace

Set of Growing Online Cannabis Seed Bank

Quebec


  • Asking Price: $741,510
  • Gross Income: $584,989
  • Cash Flow: $246,348
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #213744
  • Established: 2015
  • Employees: 1 PT

Business Description

Set of Growing Online Cannabis Seed Bank Businesses

This cannabis seed bank business is divided under two brands both of which are very well known and respected seed banks in Canada and that feature some of the best cannabis seeds strains for sale. The company’s mission is to help preserve cannabis genetics for generations to come while promoting the need to control and regulate cannabis under a legal framework.

Sales are converted 100% through the websites. Customer service is key to the business and that is where the company focuses most of its energy. Good reviews, quick answers, and an online chat feature has gone a long way in bringing the business to where it is today!

The business has continued its growth this year with sales up 20%. The company enjoys high net profit margins of about 42% and is currently averaging profits of approx. $21k USD per month for the Trailing 12 Months!

Product inventory is stocked at a small office location where it is then shipped to customers. The current value of the items on hand is approx. $150K USD. Other than a small office for inventory, the other operations of the business including payment processing, website management, marketing and customer service are all handled from home-based locations. The business is easily relocatable and operational from any location with internet access.

With its stellar customer service, high quality, exceptional products and great industry related domain names, this business is perfectly positioned to explode in a new, fast growing industry. Acquiring this business provides an excellent opportunity to springboard off an established foundation and grow profits in a unique and hyper growth industry!

Price & Financial Summary
CANADIAN DOLLARS
Listing Price $1,000,000 CAD
Plus Inventory
TTM Gross Revenue $790,526 CAD
TTM Cash Flow $332,903 CAD

U.S. DOLLARS
Listing Price $741,510 USD
Plus Inventory
TTM Gross Revenue $584,989 USD
TTM Cash Flow $246,348 USD

*Converted from CAD to USD at the ex-change rate of .74 on 4/24/19. USD equivalent at time of sale will vary based on exchange rates.


Business Details

Primary Business Category: Internet Related - Consumer Services B2C
Location: Quebec

Company Information

Year Established: 2015
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 1 PT

Financial Information

Asking Price: $741,510
Gross Revenue: $584,989
Cash Flow: $246,348
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

With a solid foundation, strong brand awareness, success to-date, the legalization of cannabis nationwide in Canada and expanding cannabis legalization in the U.S., these sites are poised for tremendous growth by adding/ growing email marketing and/or newsletter, increasing social media marketing as well as continuing to grow the affiliate base.

Competition:

To gain the competitive edge in the existing landscape, the company offers impeccable, bilingual customer service with fast shipping. The sites offer a wide selection of quality products at competitive prices. Its customers are very loyal which is a reason the owners started the business in a specific province.

Reason for selling:

Pursue Other Interests

Support & Training:

Yes

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Business Listed By:

David Fairley

Website Properties