4 CBD & Kratom Stores - SOLD
Location: New Bern, NC
ID: (#200732)
Overview
Successful, growing, botanical remedies retail business offering high end CBD and Kratom based products. Four established locations, all within 1.5 hours of each other in Eastern NC.
Shops are outfitted elegantly and clean. Staff is very knowledgeable on the products. These are not smoke shops.
Asking price includes store furniture and two vans.
Owner is absentee, with no day to day operational involvement. Manager and Assistent Manager in place who handle procurement, staffing, and are also working in the shops.
Buyer should have an affinity to the product portfolio to make strategic decisions in collaboration with the management, and to continue to drive growth.
This business does not qualify for an SBA loan due to its product portfolio. Seller is open to finance a minor portion of the purchase price for qualified buyers, subject to negotiation.
2019 - SDE: $224,228 Sales: $1.15M
2020 - SDE: $235,986 Sales: $1.19M
2021 - SDE: $305,000 Sales: $1.37M
Details
Reason for Selling:
Established:
Employees:
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
- (910) 623 9033 Fax
- regina@bristol.group
-
Appointment Only:
- NC #282486
- North Carolina - Wilmington
- By Appointment Only
- 1314 Culbreth Dr
- Wilmington, North Carolina 28405
- Real Estate Broker: NC #282486