CBD Authority Store

Moreno Valley, CA (Riverside County)

CBD Authority Store
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Asking Price: $74,950

Cash Flow: $119,000

Gross Revenue: $264,000

EBITDA: N/A

FF&E: $50,000

Inventory: $20,000*

Rent: $0.00

Established: 2019

*not included in asking price.

CBD Authority Store

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Business Description

Great location!! No Royalties or extra fees! Huge online potential!

The owner is moving out of state. We were about to launch a new franchise offering before Covid and now decided to leave the state and is moving in a few weeks with his family and needs to fire-sale this quickly. The store has been open with limited hours for alot of 2020. The uptick since the economy has started opening up this past couple months is very promising with us doing 25k in total sales in March. With limited hours in 2020, the fact we never got to do a Grand Opening and never had the opportunity to market the store properly, there is a lot of room for growth. It cost us over 170K to build out this store and you can pick it up for less that half of that because the owner needs this off his plate ASAP! The store allocates 5k to payroll each month and during Covid with limited hours and no marketing, it was still profitable. The store has huge potential in one of the busiest trade areas in all of the inland empire. We have a opt out of the lease at the end of the year so you can renegotiate the rent, extend the 3 year option or move the location. You can either keep the name or change it to something else. To get signage on a brick and more storefront is very difficult but we got approval! It has a great following in the community and the location is excellent with great visibility and a ton of traffic. Great opportunity and will go fast! There are NO license fees, franchise fees or royalties!! As the CBD category quickly expands to an even wider demographic including the elderly, soccer moms, athletes and pets, an established TRUSTWORTHY retailer will be in high demand in every community in America as all walks of life and curious minds will want to know more about how they can benefit from these products. CBD Authority was created to answer the call.

CBD Authority has the products, the pricing, the training and most importantly the confidence of the consumer to continue leading the CBD and Supplement categories. The only question is, will you be part of the tidal wave?

The CBD industry, although relatively new to the mainstream community, has recently exploded in North America. Relatively non-existent just two years ago, experts project CBD sales to reach over $22 Billion USD by 2022! And this number is expected to exponentially grow year over year!

It doesn’t take a billionaire businessman to see the opportunity, or understand that entrepreneurs, especially those looking to tap into real financial freedom, should have their sights set on entering the CBD industry. And unless you have been living under a rock, CBD, and the incredible results that have come from its use. Are being reported almost daily in the nations major media outlets. From pain relief to pet care and everything in between, CBD is exploding.

All of this means there are MILLIONS of consumers, right next door to you, your neighbors, who need, and want, a CBD Authority store that will provide them what they are searching for.

In addition to bettering your community on a daily basis, and having your customers thank you for changing their lives, CBD Authority also will change yours.

Detailed Information

Location:
Moreno Valley, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All Shelving and Fixtures
Competition:
The CBD industry, although relatively new to the mainstream community, has recently exploded in North America. Relatively non-existent just two years ago, experts project CBD sales to reach over $22 Billion USD by 2022! And this number is expected to exponentially grow year over year!
Growth & Expansion:
The CBD industry, although relatively new to the mainstream community, has recently exploded in North America. Relatively non-existent just two years ago, experts project CBD sales to reach over $22 Billion USD by 2022! And this number is expected to exponentially grow year over year!
Support & Training:
We will help train the buyer.
Reason for Selling:
Owner moving out of state
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Business Listed By:
Joe Eckstrom

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