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Ecommerce CBD wholesale

Reference
S8931
Turnover
£0.5m to £1m
Sector(s)
Manufacturing, Retail & wholesale
Region(s)
UK Wide, Outside UK
Added
16 June 2022

Business description

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

  • CBD Tobacco Alternative Pouches
  • CBD Hemp Pre-Rolled Cigarettes

White Label Products

  • CBD Vape Pens
  • CBD Vape Liquid
  • CBD Edibles

Resale Products

  • CBD Products
  • Vaping Products
  • Shisha Products
  • Smoking Accessories
  • Sex/Adult Products

A breakdown of the products against turnover are as follows:

  • CBD Tobacco Alternative Pouches, CBD Hemp Pre-Rolled Cigarettes – 15%,
  • CBD – 40%,
  • Vaping – 25%,
  • Smoking Accessories – 10%,
  • Shisha – 5%,
  • Sex/Adult Products – 5%.

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.

Highlights

  • Revenue from online sales is growing, while not dependant on any single large contract.
  • They supply to all business types, from online retailers and independent stores to multinational retail chains.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2022 (Actual) 938,542 252,142

Opportunities

  • Greater investment in marketing and warehouse management software would help successful business to scale up.
  • Begun the process of offering additional drop-shipping service for customers and B2B white label service.

Prospective purchasers

  • 100% share sale
  • Prospective purchasers will be required to sign an NDA.

Reason for sale

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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