Aug 5, 2019 — Looking to own a piece of the e-cigarette industry in Iowa? This is an incredible opportunity to own a dynamic and growing multi-location business! With several locations, and $4 million in inventory, this retail and wholesale operation is a turnkey dream. Offerings include all components of e-cigarettes including devices, chargers, tanks, coils, and e-liquid. All e-liquid is sourced from the reputable brands located in the USA only. Selling regionally (65%) and nationally (65%), the wholesale business is strong and growing year-over-year.
The team is passionate about e-cigarettes and are very knowledgeable on the subject. The three regional managers assist the thirteen store managers in smooth day-to-day operations. There are 40 store employees who have great relationships with customers and who can offer advice and guidance to those new to e-cigarettes. The owner currently focuses on business development, long-term strategies, and high-level operations oversight. The owner is willing to remain a part of the team, if desired, to assist in building revenue or expanding the company. This would be a tremendous asset to a new owner as it would allow for the retainage of institutional knowledge as well as valuable guidance and expertise on the regional and national markets.
Despite annual growth, the business could grow in many directions. Additional stores could be added, as they are a main revenue driver. Additional wholesale accounts could be added to increase distribution either by volume or location.