Project Nimbus | 12-unit Midwest Vaping Store Chain
Indiana
| Gross Revenue: | $6,223,341 |
| EBITDA: | $2,108,783 |
| Established Year: | 2012 |
| Inventory: | $347,218 |
| FF&E: | $10,000 |
Listing ID: 2034983Listing provided by BizBuySell
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.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Indiana
Inventory
Included in asking price
Employees
28
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
Stores are strategically located near DMVs, strip malls & big box stores with strong foot traffic.
Growth & Expansion
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
Support & Training
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.
Reason for Selling
To pursue other opportunities
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