RETURN TO RESULTS

Absentee Owner Retail Chain

Location: Hampstead, NC

ID: (#200732)

200732
Price:$700,000
Revenue:$1,200,000
Cash Flow:$240,000
FF&E (Assets):$20,000
Inventory:$140,000
Real Estate:$0

Overview

Successful botanical remedies retail business offering high end CBD and Kratom based products. Four established locations, all within 1.5 hours of each other.

Shops are very upscale and clean, which sets them apart from other stores with similar product lines.

Owner is absentee, with no day to day involvement. There are managers in place who handle procurement, staffing, etc.

2019 - SDE: $224,228 Sales: $1.15M
2020 - SDE: $235,986 Sales: $1.19M

Details

Reason for Selling:

Other Business Endeavors

Established:

2018

Employees:

12

Furniture, Fixtures, and Equipment (FF&E):

All furniture and fixtures currently in the retail locations are included in the sale. The dollar amount listed is estimated fair market value.

Facilities:

Leased

Inventory:

Not included in asking price.

Competition:

Located in a fast-growing region, with no comparable business in regards to store concept.

Opportunities for Growth:

Rapidly growing demand for the products portfolio.

Support and Training

The seller will train the new owner for a certain amount of time to assist in the transition.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486