This is an opportunity to acquire a multi-location specialty retail business operating in a regulated category that has already undergone market contraction and regulatory tightening—and continues to generate strong, normalized operating profit.

The business consists of four established retail locations with consistent transaction volume, repeat customer behavior, and a disciplined operating model. Unlike many competitors that relied on rapid expansion or short-term incentives, this operation has demonstrated durability through a more challenging market environment. Financials are fully normalized, exclude non-recurring items, and reflect true operating performance rather than temporary credits or owner-specific distortions.

Revenue is driven primarily by consumable vapor products, creating predictable repeat traffic and stable cash flow. Average transaction values are strong, margins have held despite category pressure, and the business operates with lean staffing and controlled overhead. The current structure supports immediate SBA underwriting, with debt service coverage comfortably exceeding standard lender requirements.

Importantly, the business does not depend on aggressive growth assumptions to justify its valuation. It stands on its existing earnings, diversified locations, and proven systems. There is no customer concentration risk, no reliance on a single supplier, and no requirement for the buyer to be the day-to-day operator for the business to perform.

For a buyer seeking upside, there is a clear and executable expansion opportunity through broadening each location into a hybrid vapor and smoke shop. Existing foot traffic is already in place, driven by vapor sales; adding complementary products such as glass, accessories, and related items would increase average transaction value without increasing transaction count or opening new locations. These categories typically carry higher margins and can be introduced quickly using the current retail footprint, staffing levels, and compliance framework. Expansion can be implemented incrementally, allowing a new owner to capture upside while preserving the existing cash-flow profile.

From a financing perspective, the business is well suited for SBA-backed acquisition. Historical performance supports conservative underwriting, and the business already services significant debt comfortably. A buyer refinancing into a single SBA facility would step into a cleaner and more efficient capital structure than the current ownership operates under today. The transaction is also compatible with standard buyer equity structures, including SBA and qualified retirement-fund rollovers.

This opportunity is well suited for an owner-operator seeking immediate cash flow, a strategic buyer looking to add a stable platform in specialty retail, or an investor prioritizing durable earnings with optional expansion rather than speculative growth. The sale is driven by ownership’s desire to focus time and capital on other operating businesses, not by operational or financial distress.

In summary, this is a proven, financeable, and resilient retail operation producing meaningful cash flow today, with straightforward upside available to a new owner. The business has already passed its stress test; future improvements are optional, not required.