Business Category: E-commerce, Internet Businesses, and Retailing Businesses
City/Region: Ottawa County
Listing Price: $100,000
Cash Flow: $65,158
***Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to pay the first 6 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don’t wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.
Interested in a owning a profitable brand in a growing industry? Look no further than this unique line of natural hemp-based CBD e-liquid supplements. Offering distinct flavor options and high potency to achieve a perfect balance, this formula is unique and sets the brand apart from other CBD oils market.
Current ownership has developed a strong manufacturing and fulfillment system, important website domain authority, and an e-commerce platform.
However, the current owner has not focused on marketing the brand (because the owner has other business interests). New active ownership ready to build a marketing and advertising plan can step into a profitable business and begin growing on day 1.
This business also includes a well-established website. This website has garnered over $5,600 of average monthly revenue with 3961 orders placed and 5896 items purchased since its inception in 2017.
Included in the sale will be all product recipes (products can continue to be manufactured and fulfilled by current manufacturer), all brand data, licensing to the photos and videos, all the social media accounts (Facebook, Instagram, Twitter) and owner assistance for a smooth transition.
Opportunities For Growth:
(1) New Products and Services: The company has the ability to make an immediate impact on the profitability of its company by introducing new products and services. Some of the following ideas have been considered: CBG, CBN, Delta 8, add subscriptions, and adding affiliates.
(2) Marketing Overhaul: With other business interests, the current owner has not actively marketed the brand. Immediate growth potential will come from active ownership with a clear and actionable marketing strategy.
(1) Rapidly Growing Industry: In 2020, the US CBD market is projected to reach $4.7 billion in sales, with 14% growth from 2019 sales of $4.1 billion. With Americans facing high unemployment levels, 2020 retail sales are not expected to reach levels anticipated prior due to the emergence of the COVID-19 pandemic.
(2) Industry Leading Formulas: The company recognized a pattern of unnatural ingredients in many vape products. The vape oil blend was created with a recognition of the importance of what goes into our bodies. This natural recipe can give customers confidence.
(3) Fantastic Reputation: The company enjoys a spotless reputation with its clients.
Reason For Sale: Ownership is focused on other business interests.