The business in question operates in the hemp processing and CBD e-commerce industry and was founded in 2019. It specializes in producing CBD and white label products for other local businesses. Initially successful, the company later expanded to accept online orders. However, the business faced challenges related to merchant processing, a relocation to another state, and the impacts of the COVID-19 pandemic, ultimately leading to its closure. Despite ceasing operations, there remains significant interest via calls and orders for its services. Consequently, the business is selling its website, noted for strong SEO rankings and effective branding, through a popular website platform.
Revenue was generated through fulfilling hemp processing services and by providing CBD-based white and private label products to various businesses. The process involved customers selecting products online, completing purchases, and then either receiving shipments or arranging for pickups. The sale of the business is driven by the overwhelming obligations from other ventures, compounded by issues following relocation and COVID-19. Whoever purchases this business would ideally be involved in hemp processing or a similar CBD-oriented field, enabling them to utilize the website for selling their own products.
The sale includes assets such as customer databases, domains, email accounts, website materials, and e-commerce accounts. The business maintains a social media presence, though it's limited except on Instagram. There is minimal inventory and follower count, but post-sale support is provided to the buyer.
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1. Agreements & Contracts.
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