|Electronic Cigarette Retail Stores & Light Manufacturing|
NCListing DetailsOffice ID: VAPES1
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.
OperationsYear Established: 2013
Form of Ownership: LLC
Employees (full-time): 15
Employees (part-time): 14
Business Hours: Stores, 10 a.m. – 8 p.m.
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
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