This business located in Collin County, sells high quality craft CBD products through both a retail and internet customer base. Founded in 2018, they have built a profitable business by offering products that have been well vetted for quality, and researched for medicinal effects. They also provide their customers with extensive product information, free consultation services, and free educational classes so they can make the right informed decision for their needs.
The explosion of the CBD industry in the last few years has brought expanded retail/wholesale distribution, and a wide assortment of products with very little information to help consumers make good decisions. This is a low regulated industry with little federal and/or state oversight beyond monitoring retail and unwarranted claim practices. The consumer is often confused with choices and very little standard product information to make comparisons.
This store takes great pride in product knowledge and making sure customers buy the right product for their needs. In fact, their approach to the retail environment is unique in the industry. As a result, they have built up a strong loyal customer base that creates repeat business and great referrals. Their location is in a growing community and they are well recognized for their business success. While most CBD operations closed during the COVID-19 crisis, this operation was able to maintain their operation by altering their business model and continue to be a reliable resource throughout the pandemic.
As the CBD industry grows, eventual oversight and regulation of products/advertising will weed out the weaker, misinformed retail/wholesalers and the customer will benefit. Solely by passion and choice, these owners continue to be involved in the legislation and grass roots efforts to solidify CBD and other cannabis products and have built a reputation as one of the very few well educated establishments on CBD related issues. They also research new and innovative products such as CBG, CBN, terpenes and other cannabis products through farm visits, manufacturing plants, and conventions. Much of the groundwork has been completed in preparation for the sale of this business and wouldn’t be necessary for the new owners. This business will be positioned to benefit from this and will grow exponentially as a result of their unique business model and long standing reputation.
This is a leased 1,495 square foot retail store front. The lease expires in 2023.
A new owner can expand the online presence and sales, offer expanded delivery especially to older customers and create memberships to incentivize repeat customers. The key is to continue the outstanding product knowledge and customer service that has built a loyal retail base.
The CBD industry has exploded in the last few years with retail/wholesale distribution and a wide assortment of products that has brought confusion and unintended misuse by consumers. Because there is very little regulation by state and federal government, there is no standard for marketing and product dissemination to consumers. Consumers are buying products not understanding the ingredients and what effects they may have intended or not. There a many businesses not informed or out to make a profit without regard for the consumers interests.
Owners have personal/ family reasons for wanting to sell the business at this time.
Will train for 2 weeks @ no cost All CBD related products from oil blends, gummies, creams, Endo Water, Hemp oil capsules, salts, lotions, bath bombs, honey sticks, pet treats, vape cartridges, pack rolls & cones, smokable herb blends, grinder/shredders, vape juice and necklaces with oils. No license is required, just product knowledge to continue how this business was built.