Wholesale and Retail Operations

Business Description / Services / Footprint:

Wholesale Operation: Company is a nationwide wholesaler of the best and most recognized brands in full fragrance, low smoke incense, clothing, wellness products, a variety of smoking accessories and unique gifts, plus, private label products to smokeshops/headshops and other retail stores located throughout the United States. Company offers over 12,000 products to over 7,000 long term and loyal customers nationwide.

Retail Operation: Separate retail companies offer the products of the wholesale company at retail locations in the Midwest.

Relationship: The retail companies are collectively the wholesale company’s largest customer but account for only about 4% of the wholesale company’s annual revenues.

Financial Performance: Wholesale company’s annual revenues exceeded $10M in 2017 and are anticipated to exceed $11.5M in 2018. The retail companies collectively approached $3M in 2017 and are anticipated to far exceed it in 2018. Together they produced an EBITDA in excess of $1.1M in 2017.

Why a Great Opportunity – Major Attributes:

  • Wholesale business is anticipated to hit the $11.5M annual revenue level in 2018

  • Retail business are anticipated to exceed the $3M annual revenue level in 2018

  • Great cash flow and EBITDA exceeding $1.1M in 2017

  • Consistent growth with a very diverse customer concentration

  • Turnkey management and staff in place

  • A major player in the $10B smokeshop/headshop industry

  • Owner willing to transition/consult

Asking Price:

$5.5M for Wholesale and Retail Operations plus Inventories at Cost

Real Estate: Wholesale Operation’s Building is for Sale or Lease at an agreed Fair Market Value

If you have an interest in further exploring this opportunity, please contact me by phone or email. The signing of a Confidentiality Agreement will be required before the identity or Selling Memorandum will be released.