Vape and CBD - 3 Store Pkg Hartford County - 33279

Not Disclosed, CT
Hartford County

Asking Price: Annual Revenue:
$450,000 $961,657

Food & Beverage: Convenience Stores

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RE: Vape and CBD - 3 Store Pkg Hartford County - 33279 Broker: Melvin L. Vaz
Owner Financing is Available!
300,000.00 Down & $150K @ 6% over terms TBD.

Quick Facts

Asking Price: $450,000
Annual Revenue: $961,657
Net Profit: Not Disclosed
Cash Flow: $180,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 10
BBN Listing #: 98434447
Broker Reference #: 33279

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Business Overview:

Vape and CBD - 3 Store Franchise Package. Selling due to partnership split. First off, they are in full compliance with the law. They DO NOT sell Juul or similar products. They have replaced these items with CBD products which have better margins. The franchise provides full support with a 7.5% royalty on gross sales. There are no franchise fees or transfer fees involved with the sale of these locations. The business is currently operated on an absentee basis. A new owner can act as a regional manager as the stores are within 20 min of each other. There is a store manager in each location right now along with at least 1 -2 F/T and 1 P/T employee. In the past year the stores had combined gross sales of approx. $961,657.00 with an owner's cash flow of approx. $180,000.00. That is after paying a store manager in each location and all employees and overhead. Each store is located in a strong traffic location. We are seeking a serious and financially qualified buyer with at least $340K in liquid funds to cover the $300K down payment and approx. $40K in inventory.

To learn more, please contact Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Partnership split.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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