Dedicated Clientele-Turnkey, Profitable-Poised For Growth

CT (Relocatable)

Dedicated Clientele-Turnkey, Profitable-Poised For Growth
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Asking Price: $850,000

Cash Flow: $277,365

Gross Revenue: $1,181,744

EBITDA: N/A

FF&E: N/A

Inventory: $50,000

Established: 2013

Dedicated Clientele-Turnkey, Profitable-Poised For Growth

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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.

Detailed Information

Inventory:
Included in asking price
Employees:
6 FT/6 PT
Facilities:
High-end, service-oriented, modern stores in five leased premises. In 2017, occupancy expenses were 3.2% of total revenues.
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.
Growth & Expansion:
Franchise brand and platform ready for growth.
Financing:
Lender pre-screened with $170k down.
Support & Training:
Will train for 2 weeks @ $0 cost. All major vape delivery systems offered with over 100 flavors, including private label brand. High-touch approach with clientele increases loyalty. Increasing regulation and licensing likely to push out less-prepared competition.
Reason for Selling:
Seller will transition this turnkey business and focus on other businesses.
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Alan Zinser

Business Listed By:
Alan Zinser

Murphy Business & Financial Corporation

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