Monday 21 September 2020

S-2937-19 TJE GROWING CBD WHOLESALE, RETAIL & FRANCHISOR

Growing CBD wholesale, retail & franchisor

Acquisition Opportunity – Midwest


This listing offers a flourishing, fast-growing CBD business features franchising, private label, e-commerce, five company owned locations, over 50 franchise locations and a wholesale distribution center servicing over 70 retailers. With proprietary CBD products and accessories, the company’s primary products include tinctures, topicals, pet products, smokables, and edibles. Located in the Midwest region of The United States, the service radius has been expanding considerably in recent years, including nation-wide locations and shipments to Canada and overseas.

 

Offering these products require a State Retail License and a State Department of Agriculture Hemp Regulations License. The owner’s primary day-to-day involvement is focused on consultation, program education and product ordering. The key employees include a VP of operations, warehouse manager, customer service manager, marketing manager, and managers for each company-owned location; all will stay on post-purchase. From 2018 to 2019, sales doubled to $4,330,000. Total Revenues and seller’s discretionary earnings are over $700,000. The nationwide pandemic has nominally affected the

business’ rapid growth however, 2020 projected revenues are forecast over $6 Million. Tradeshows have proven highly effective and the business projects continued rapid growth. The franchise division is rapidly expanding.


 

 

                                      Financial Summary

 

2020 Est by Seller

2019

2018

Gross Revenue

>$6.0 M

$4.3M

$2.0 M

Adjusted EBITDA

>$650K

$650K

$25K

 

 

Other Highlights

Financials

Management Team in Place

Years in Business

SIC / NAIC

 

Reviewed

Yes

3

3999 / 446191

 

 

 

 

 

 

 


Direct inquiries to:

 Gottesman Company
                         Refer to:  S-2937-19 TJE
                      US Office:  718-618-5346     UK Office: +44 (0)7906786505

                E-mail: dmj@gottesman-company.com