Listing ID: 77381
This CBD manufacturer is a health, wellness, fitness and beauty company that provides the highest quality natural product options that are made in the USA using the highest quality ingredients.
They initially got their start working with professional athletes who were suffering from injuries and concussions, and that were looking for a better option than harmful and addictive opiates. Now their products include those that are used for pain relief, anxiety, trouble with sleep, immunity, skin care and beauty. Their products help everyone from athletes, to active seniors, and even pets.
This business includes house brand products that are sold nationally as well as a white-label side of the business that generates significant income as well.
Their ability to recognize market opportunity also resulted in them launching a successful hand sanitizer line that actually moisturizes as it disinfects – providing the market with a much-needed option to those that are required to sanitize their hands multiple times a day.
As a CBD manufacturer, they are an early entrant in their space that has benefited greatly from celebrity endorsement as well as all of the free press that goes along with it.
This is a well-defined business that the Seller states is currently being run in about 25 hours per week.
So, if you are interested in getting a strong head start in an new market that is growing by leaps and bounds and is expected to grow by over 700% by 2023, then reach out for more information!
NO SPECIAL LICENSES REQUIRED TO WORK WITH CBD.
- Asking Price: $50,000
- Cash Flow: $30,000
- Gross Revenue: $55,000
- EBITDA: N/A
- FF&E: $73,450
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
This business has a leased location of 2,491 square feet with a total monthly rent of $2,192.08. Hours of operation Monday-Friday 11am-4pm. Included in asking price are $20,000 Inventory and $73,450 Equipment & Furniture.
30 Days 20 hours
Other Business Interests and going to law school.
The business was established in 2017, making the business 5 years old.
The deal will include inventory valued at $20,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. Nonetheless, the real reason vs the one they say to you might be 2 completely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of other reasons. This is why it is really important that you not count completely on a vendor's word, but instead, make use of the vendor's solution in conjunction with your general due diligence. This will repaint an extra realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new consumers? Most times, businesses have repeat clients, which develop the core of their day-to-day earnings. Certain aspects such as new competitors sprouting up around the location, road building and construction, and personnel turnover can affect repeat customers as well as negatively affect future earnings. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the local mean home earnings effect future income potential?