| Electronic Cigarette Retail Stores & Light Manufacturing NCListing DetailsOffice ID: VAPES1 Status: Expired Listing Broker: Joe Vagnone Listing Price: $3,500,000 Gross Revenue: $3,348,224 FF&E Included: Yes Sales Structure: Asset Sale Seller Financing: Yes Financing/Terms: The owner will work with a serious buyer.Reason for Sale: Owner pursuing other interests.Training: Negotiable.OperationsYear Established: 2013 Form of Ownership: LLC Employees (full-time): 15 Employees (part-time): 14 Managers: 3 Business Hours: Stores, 10 a.m. – 8 p.m. Summary Business Description: Founded in 2013, this multi faceted business consists of both retail and light manufacturing. Serving the public in 4 retail locations and operating a light manufacturing facility, this is a well operated, efficiently run, well-trained operation. The retail stores operate autonomously, with accounting and human resources functions being centralized in one location. The manufacturing consists of making the e-liquids that supply the retail stores. There are presently 15 brands and 100 juice options being offered. The four retail locations specialize in vape products. The business boasts no operating debt. This business has a professional online presence including 3 websites and social media pages. This business offers a fantastic opportunity to enter a relatively new industry that offers a potential phenomenal return on your investment!Historical Summary: Business was founded in 2013, and now consists of both retail and light manufacturing. Grew to 4 retail locations in just 3 years, and 3 more retail stores are planned for 2017.Owner Qualifications: Bookkeeping, operational – relationships with employees and management, HR for upper management, contributes to sales and marketing.Competition: There are 3 main competitors in the market area. This business competes on the basis of price, service and their loyalty program.Potential Growth: As the market continues to grow and mature, growth of this business is limited only to the creativity of a new owner.LocationType of Location: Strip Center Lease Expires: Jan 1, 2020 Monthly Rent: $3,369 Square Footage: 5000 Facilities: The light manufacturing facility is a 5K SF suite, of which 100% of the space is presently utilized, although the space could be reorgainzed to increase productivity. As for the individual stores, facility sizes, type and locations vary. Last Updated: Sep 13, 2019 / 11:19 AM Financial Information Current as of: Jun 24, 2016 / 5:01 PM |
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