3-Year-Old, high margin, profitable eCommerce store selling high quality hemp flower. $53k+ revenue in the last 12 months, exclusively from SEO & affiliates.
Founded in 2019, this rapidly expanding business has cultivated a strong customer base exceeding 2,000 patrons, with an average order value of $75. Offering a straightforward business opportunity, the company sources hemp flower locally from California, purchasing at $75 to $150 per pound and selling for $600 to $3,000 per pound. With a high returning customer rate, over 10,000 website visits, and a 3.5% conversion rate, the business boasts significant growth potential without incurring advertising costs due to in-house SEO strategies. The operation maintains a 72% average profit margin and caters primarily to the U.S. market, with potential expansion into international markets like the UK.
The business operates from a compact warehouse, ensuring low fulfillment costs, while new products such as Moonrocks continue to gain popularity. Sales peak during Black Friday and Valentine's Day, with consistent performance throughout the year. They offer a diverse product range, and existing goodwill and customer relationships enhance the brand's market position. Transactions can be managed both in-house or via third-party logistics, supported by a reliable supply chain network.
The owners are selling due to a lack of resources to manage this alongside another flourishing family business. This venture is ideal for CBD/THC enthusiasts or those looking to expand their existing brand with a robust, engaged audience. All assets, including customer databases, supplier contracts, and digital platforms, are included in the sale, priced at $100k with installment options. Legal compliance is straightforward, with no special permits needed under the 0.3% THC guideline.
I am a digital marketer and systems engineer, taking startups through several rounds of...
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3 transactions totalling USD $65,160
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