37698 – Growing CBD Wholesale, Retailer and Franchiser
RetailFor Sale in KS
Financial & Assets Details
About the Business
This listing is offering a flourishing, fast-growing CBD business featuring franchising, private label, ecommerce, five company owned locations, over 50 franchise locations and a wholesale distribution center servicing over 70 retailers. With proprietary CBD products and accessories, the company’s primary products include tinctures, topicals, pet products, smokables, and edibles. Located in the Midwest region of The United States, the service radius has been expanding considerably in recent years, including nationwide locations and shipments to Canada and overseas. The owner’s primary day-to-day involvement is focused on consultation, program education and product ordering. The key employees include a VP of operations, warehouse manager, customer service manager, marketing manager, and managers for each company-owned location; all will stay on post-purchase. From 2018 to 2019, sales doubled to $4,330,000 Total Revenues and seller’s discretionary earnings are over $700,000. The nationwide pandemic has nominally affected the business’ rapid growth however, 2020 projected revenues are forecasting over $4 Million. Tradeshows have proven highly effective and the business projects continued rapid growth. The franchise division is rapidly expanding. The owner is seeking to exit the company after a standard transition period. This lucrative opportunity is currently being primed for accelerated growth and falls into a price range of $5 Million to $10 Million, depending on the stage at time of purchase. There’s a lot more to know, inquire today!
Financing can be negotiable for the right buyer.
Support & Training
Smooth transition period of 12 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.