Project Nimbus | 12-unit Midwest Vaping Store Chain
Business Description
$7.8MM in Rev | $2.6MM in EBITDA
Founded in 2012, Project Nimbus is a retail chain of electronic cigarette and e-Liquid products which include bars, CBD, unflavored e-Liquid, flavor vials, kits, coils, pods, atomizers, and accessories. Nimbus currently has twelve retail stores and a warehouse located in the Great Lakes region. Additionally, Nimbus sells to other retail locations and distributors in all fifty states of the US and internationally as well. With strong brand awareness, loyal customers, and steady year over year growth, Nimbus is an exciting investment opportunity. The chain requires minimal supervision from top management, as locations are mostly managed by regional managers.
Founded in 2012, Project Nimbus is a retail chain of electronic cigarette and e-Liquid products which include bars, CBD, unflavored e-Liquid, flavor vials, kits, coils, pods, atomizers, and accessories. Nimbus currently has twelve retail stores and a warehouse located in the Great Lakes region. Additionally, Nimbus sells to other retail locations and distributors in all fifty states of the US and internationally as well. With strong brand awareness, loyal customers, and steady year over year growth, Nimbus is an exciting investment opportunity. The chain requires minimal supervision from top management, as locations are mostly managed by regional managers.
About the Business
- Years in Operation
- 13
- Employees
- 28
- Facilities & Assets
- Nimbus has well-positioned brand awareness known for their remarkable atmosphere, bright stores, cleanliness, exceptional customer service, and knowledgeable salesforce.
The chain has twelve retail stores split between 2 neighboring states. Product storage and wholesaling is managed at individual retail locations. - Market Outlook / Competition
- Stores are strategically located near DMVs, strip malls & big box stores with strong foot traffic.
- Opportunities for Growth
- U.S. e-cigarette & vape market is expected to reach $40 BN by 2028 & projected to grow at a CAGR of 27.3% from 2021 to 2028. Industry continues to grow with more opportunities being created due to changes in FDA regulations.
The Company has a plug-and-play new store opening methodology - controlled buildout costs & cost-effective marketing allow new stores to open within approximately 1 month & achieve breakeven within approximately 3 months
About the Sale
- Seller Motivation
- To pursue other opportunities
- Transition Support
- Key owners are willing to stay with NewCo during a mutually agreed-upon transition period to ensure a seamless transfer of ownership.
The Company has a structured and well-defined business model which allows for the business to be run efficiently with limited day-to-day supervision by the owners.
Listing Info
- ID
- 2034983
- Listing Views
- 1381
Attached DocumentsAttachment Disclaimer
Listing ID: 2034983 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleIndiana Businesses for SaleIndiana Retail Stores Businesses for SaleIndiana Other Retail Stores Businesses for Sale
