With over 12 locations, the business caters primarily to adults
who utilize recreational products, offering a diverse range of
items including vape products, pipes, Kratom, and legalized
CBD/THC consumables. With a robust staff count of 53
employees, each location has a manager, which they then
report to Regional Management. This allows for semi-passive
ownership where the owner is only active 10-15 hours a week
meeting with his direct reports. The decision to sell the
business arises from health concerns faced by the seller. To
ensure continuity post-sale, the seller offers a comprehensive
training period ranging from 6 months to 1 year. The primary
clientele consists of adults who are either recreational users
or those seeking alternatives to traditional tobacco products.
This demographic is increasingly turning towards vaping and
other herbal consumables due to perceived health benefits or
lifestyle choices. The strategic placement of their
storefronts across the Omaha Metro and Lincoln ensures
accessibility for its clientele. Their product range is extensive,
aligning with current legal standards while providing
consumers with options for relaxation and wellness.
Priced at $7,490,000, a 10% down payment of $749,000 can
return $1,096,087 in the first year after debt payments. There
are significant growth opportunities available for prospective
buyers: given the success already achieved within Omaha
Metro and Lincoln, there is potential to open additional
locations in nearby markets. Additionally, the brand could be
franchised, allowing other entrepreneurs to operate under the
established name while expanding its reach further into new
territories.