Through a specialist wholesale website, the company provides CBD, smoking, and vaping products. Supplying to all business types, from online retailers and independent stores to multinational retail chains, the company distributes and wholesales a growing range of popular bulk CBD, CBG smoking accessories, vaping and sexual performance enhancement products to business and trade customers across the UK & Europe.
The company also has its own brand, for which it manufactures a select range of products in-house. The company in turn uses external manufacturers to white label other product ranges.
The company was incorporated in October 2020, and in the short amount of time in which it has been operating, has attained a high monthly turnover. For example, it generated £178k in revenue during the month of March 2022.
A breakdown of the company’s products are as follows:
Manufactured In-House
White Label Products
Resale Products
A breakdown of the products against turnover are as follows:
There are currently 2 active directors, and a staff consisting of five full-time employees, and three casual workers.
The business is well-placed to scale up and would benefit from an additional investment in marketing and by hiring additional staff members. In addition, the business is in the early stages of implementing a white label and drop-shipping service, having already designed logos for each.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2022 (Actual) | 938,542 | 252,142 |
The two directors wish to take a step back from a business and believe that a sale is the best way for the business to scale up.
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