Successful and Dynamic CBD Business in Hertfordshire
- Excellent reputation
- Loyal customer base
- Huge growth opportunity
- Low overheads
- Strong supplier relationships
New to the market is an opportunity to acquire an established, dynamic CBD business which offers a mix of B2C, B2B, and white label sales. Established in 2015, the business quickly garnered a fantastic reputation for its superb quality CBD drops, CBG drops, and capsules. Its effective products, outstanding customer service, and efficient delivery have awarded the business with a stream of consistent 5* reviews online.
Its reputation is further bolstered by its collection of detailed product information and helpful articles on its website which guide customers on their health journey. An impressive 70% of its revenue is generated through repeat purchases, demonstrating its commitment to quality and customer satisfaction.
As well as its eCommerce site which sells directly to customers, the business also wholesale and white label their products, providing the security of additional income streams whilst also offering plenty of breadth for future development.
This is an exciting opportunity for a buyer who wants to acquire a successful CBD business which comes with bundles of growth potential. The reason for sale is due to the owner relocating back to Sweden, he is happy to stay on board to assist with a transition.
The business is currently based from office space in Hertfordshire, which is leased for £8,154 per annum.
The brand’s products are presently stocked in 3 physical health shops, with the future goal of retailing in more shops to boost the wholesale aspect of its sales. It would also benefit from having its products on at least one large online retailer, in order to significantly increase its wholesale revenue. All products have validated novel food applications - legal to sell. The business has high level of repeat orders - 65% and an excellent reputation on Google 4.9/5.
The company gains further income through earning a 10% finder’s fee for referring brands to buy their stock from the business’s supplier. This also offers fantastic scope for growth.
This is an ideal acquisition for someone who wants to work in a fast-growing industry, as the UK’s CBD sector is already worth £300 million and is expected to grow to £1 billion by 2025. It is important for the buyer to have previous experience in growing businesses, or at least possess a significant passion for business development, as there is enormous potential for this company to strengthen its position in the CBD industry.
Alongside the aforementioned growth strategies, a key method of growing the business further is to attract new customers to largen its loyal client base. For example, retailing the products on Amazon is estimated to at least quadruple overall sales. It would also be very beneficial for the buyer to implement a continual SEO strategy, as the brand currently ranks at number 95 on Google for ‘buy CBD oil’, number 96 for wholesale, and has no ranking for white label. By boosting the company’s Google rankings, the new owner will see a lucrative boost in sales.
- On-site car parking
- Nearby car parking
- Close to local businesses