Removed
Set of Growing Online Cannabis Seed Bank Businesses
Asking Price
741,510
Description
Business Overview
This cannabis seed bank business is divided under two brands both of which are very well known and respected seed banks in Canada and that feature some of the best cannabis seeds strains for sale. The company’s mission is to help preserve cannabis genetics for generations to come while promoting the need to control and regulate cannabis under a legal framework.
Sales are converted 100% through the websites. Customer service is key to the business and that is where the company focuses most of its energy. Good reviews, quick answers, and an online chat feature has gone a long way in bringing the business to where it is today!
The business has continued its growth this year with sales up 20%. The company enjoys high net profit margins of about 42% and is currently averaging profits of approx. $21k USD per month for the Trailing 12 Months!
Product inventory is stocked at a small office location where it is then shipped to customers. The current value of the items on hand is approx. $150K USD. Other than a small office for inventory, the other operations of the business including payment processing, website management, marketing and customer service are all handled from home-based locations. The business is easily relocatable and operational from any location with internet access.
With its stellar customer service, high quality, exceptional products and great industry related domain names, this business is perfectly positioned to explode in a new, fast growing industry. Acquiring this business provides an excellent opportunity to springboard off an established foundation and grow profits in a unique and hyper growth industry!
Price & Financial Summary
CANADIAN DOLLARS
Listing Price $1,000,000 CAD
Plus Inventory
TTM Gross Revenue $1,162,936 CAD
TTM Cash Flow $524,390 CAD
U.S. DOLLARS
Listing Price $741,510 USD
Plus Inventory
TTM Gross Revenue $872,202 USD
TTM Cash Flow $393,293 USD
*Converted from CAD to USD at the ex-change rate of .75 on 11/19/19. USD equivalent at time of sale will vary based on exchange rates.
Growth Opportunities
With a solid foundation, strong brand awareness, success to-date, the legalization of cannabis nationwide in Canada and expanding cannabis legalization in the U.S., these sites are poised for tremendous growth by adding/ growing email marketing and/or newsletter, increasing social media marketing as well as continuing to grow the affiliate base.
Competition & Market
To gain the competitive edge in the existing landscape, the company offers impeccable, bilingual customer service with fast shipping. The sites offer a wide selection of quality products at competitive prices. Its customers are very loyal which is a reason the owners started the business in a specific province.
Financial Overview
| Gross Revenue | 872,202 |
|---|---|
| Cash Flow | 393,293 |
| Archive Date | 12-31-2019 |
| Status | Archived |
| Year Established | 2015 |
| Employees | 1 PT |
| Inventory | 3 |
Other Information
| Category | Ecommerce |
|---|---|
| Industry | Internet |
| Location | Canada, Quebec |
| Home-Based Business | Yes |
| Seller Financing Available | No |
| Income Sources | Products/Services |