Listing ID : 854520
Listed On October 8, 2024 22
Listing Updated October 8, 2024
The strategic placement of their storefronts across the Omaha Metro and Lincoln ensures accessibility for its clientele. Their product range is extensive, aligning with current legal standards while providing consumers with options for relaxation and wellness. With over 10 locations,
the business caters primarily to adults who utilize recreational products, offering a diverse range of items including vape products, pipes, Kratom, and legalized CBD/THC consumables. With a robust staff count of 53 employees, each location has a manager, which they then report to Regional Management. This allows for semi-passive ownership where the owner is only active 10-15 hours a week meeting with his direct reports. The decision to sell the business arises from health concerns faced by the seller. To ensure continuity post-sale, the seller offers a comprehensive training period ranging from 6 months to 1 year. The primary clientele consists of adults who are either recreational users or those seeking alternatives to traditional tobacco products. This demographic is increasingly turning towards vaping and other herbal consumables due to perceived health benefits or lifestyle choices.
Priced at $7,500,000, a 10% down payment of $750,000 can return $1,094,558 in the first year after debt payments. There are significant growth opportunities available for prospective buyers: given the success already achieved within Omaha Metro and Lincoln, there is potential to open additional locations in nearby markets. Additionally, the brand could be franchised, allowing other entrepreneurs to operate under the established name while expanding its reach further into new territories.
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