Largest Vape Chain in CT--Profitable, Poised For Expansion

CT (Relocatable)

Largest Vape Chain in CT--Profitable, Poised For Expansion
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Asking Price: $979,000

Cash Flow: $372,528

Gross Revenue: $1,416,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2013

Largest Vape Chain in CT--Profitable, Poised For Expansion

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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.

Detailed Information

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.
Support & Training:
Will train for 2 weeks @ $0 cost. All major vape delivery systems offered with over 100 flavors, including private label brand.
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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