Executive Summary
Transaction Overview
TBD + Inventory (Approx. $35,000)
- Asset sale of 100% of 228 Queens Quay Location assets
- Seller’s normalized discretionary earnings: Available upon request
- Normalized revenue: approx. $150,000.00 / 3 year avg
- Assets included in the asking price: $111,730
✔ Inventory
✔Computer & Equipment
✔Furniture & Fixtures
✔Leasehold Improvements
- All assets are clear and free of any encumbrances
- The current owner will train for a smooth transition
Business Overview
In 2017, Fidelia Investments acquired the 180 Smoke Franchise, establishing complete ownership of the Vape Store located on Queens Quay, Toronto. Specializing in a comprehensive range of vaping products, the store has successfully navigated the challenges posed by COVID-19 and continues to operate seamlessly. Recognizing an opportunity for growth, the business currently operates on a single shift but has the potential to expand to a two-shift output. For more information, visit the official website at 180smoke.ca.
This business is ideal for:
This business presents an ideal opportunity for those seeking hands-on involvement or a family eager to own and manage their enterprise, including in-store sales. It is also a perfect fit for existing vape stores aiming to streamline operations for increased revenue.
Additionally, established companies looking to expand their market share can benefit by establishing a new presence through this promising venture. Whether you're an individual entrepreneur, a vape store owner, or a company seeking strategic growth, this opportunity offers a versatile and lucrative pathway.
Key Investment Highlights
Strong Fundamentals and Investment Potential
Business Overview
This thriving business operates as a profitable wellness-oriented brand, emphasizing a consultative approach to build customer loyalty and drive repeat business through word-of-mouth referrals.
Positioned in the lucrative global vapor products market, valued at over USD18 billion in 2017 and projected to reach over USD43 billion by 2023 with a compounded annual growth rate of 15.5%, the company has a robust revenue model.
Situated in the Queens Quay residential neighborhood, the store benefits from a captive market.
With a focus on a brick-and-mortar retail model and catering to the 5 million Canadian smokers seeking a personalized in-store experience, the company's predominantly cash sales contribute to its revenue stream.
As a harm reduction company, it provides safer alternatives to combustible tobacco and dry herbs.
Founded with the vision of delivering a cleaner and more professional retail vape experience, the brand has successfully established itself in the market.
For more information, visit the official website at 180smoke.ca.
About 180 Smoke - The Vape Store
Founded in 2012, 180 Smoke stands out as a socially conscious leader in the vape industry, committed to leveraging vaporization technology as a combustion-free alternative for nicotine users. With a profound industry experience, as evidenced by the projected 55 million global adult vapers by 2021, the franchise has positioned itself as a prominent player.
Marketing efforts are well-supported with ongoing assistance, and a significant advantage lies in the high percentage of online visitors utilizing the Store Locator to access the personalized in-store experience, reflecting a 74% preference for in-store purchases among vapers.
The competitive edge is further fortified by recent regulatory developments such as the Smoke-Free Ontario Act, particularly benefiting specialty vape stores like 180 Smoke. With a robust network, the franchise boasts over 30 locations across Ontario, establishing a strong and expansive presence in the market.
Key Highlights
Established for 4 years, this thriving business operates from 11:00 AM to 7:00 PM, with the owner's active involvement from 11:00 AM to 5:00 PM. Currently, the business is supported by a dedicated team of 2 employees. The premises are secured with a lease valid for the next 10 years, providing stability and a long-term outlook. Conveniently located at 228 Queens Quay, West Toronto, ON, with the postal code M5J 3N4, the business enjoys a strategic and accessible address.
This business demonstrates robust financial performance.
Products
Vape Kits
Includes Vape Pens, Open Pod Systems, Prefilled Closed Pod Vape Kits, Disposables, Box Mod Vape Kits, Mouth to Lung Kits, Direct to Lung Kits, and innovative Heat-Not-Burn Kits.
Vaporizer
Featuring Portable and Desktop Vaporizers, specialized Dry Herb Vaporizers, efficient Wax/Oil Vaporizers, and reputable Vaporizer Brands.
E-Liquid
Offering Nicotine Salt E-Liquid, Hybrid E-Liquid (Hit Salts), Freebase E-Liquids, Sub-Ohm Salt E-Liquids, and convenient Prefilled Pods/Cartridges.
Accessories
Featuring Vape Mods, Tanks, Rebuildables, Coils, Pods, and Batteries tailored for Mods. Enhance your setup with Miscellaneous Accessories, ensuring a personalized touch to your vaping journey.
Future Roadmap
Significant Growth Opportunities
Next Steps
The next steps in buying a business involve having a meeting with the seller and asking lots of questions to understand the details.
After that, you make an offer with a deposit, and if the seller agrees, you move on to the next step.
In the "Due Diligence" step, you carefully check all aspects of the business to make sure everything is clear and there are no surprises.
Finally, the process ends with the official transfer of ownership, called "Transaction Closing," and a smooth transition into the new phase of the business.
It's like turning the page to a new chapter in the business story.
Real Estate Websites by Web4Realty
https://web4realty.com/