0.98x Multi-Unit Smoke Shop Specialty Retail Platform | $8M Revenue | Turnkey Operations
Deal ID: SNWN97
Overview
Established in 2021, this turnkey specialty retail platform operates 12 leased locations supported by an experienced management team and 38-person workforce. The business has built meaningful customer reach, including a database exceeding 70,000 contacts and approximately 50,000 social followers. Locations were reportedly renovated within the past six months, providing an acquirer with an established, refreshed multi-unit footprint.
Asking Price: $2,950,000
TTM Revenue: ~$8,000,000
TTM Cash Flow / SDE: ~$3,000,000
EBITDA: Not Disclosed
Price / SDE Multiple: 0.98x
SDE Margin: 37.5%
Revenue per Location: ~$667K
SDE per Location: ~$250K
Industry: Specialty Retail / Smoke Shop
Locations: 12
Years in Business: ~5 years
Employees: 38 (30 FT / 7 PT / 1 contractor)
FF&E: ~$200,000
Inventory: ~$100,000, included
Real Estate: Leased
Seller Financing: Available to qualified buyers; terms negotiable
Turnkey: Yes; management team in place
Transition: Up to 60 days
Online / E-Commerce: Identified as a growth opportunity
Growth Opportunities
Expansion avenues include additional locations, entry into new metropolitan markets, acquisitions of smaller independent operators, and increased same-store sales. Additional upside may come from purchasing leverage, broader product offerings, centralized administrative functions, enhanced loyalty programs, digital marketing conversion, and development of compliant e-commerce or online sales channels.
Exit Advisor Takeaway
At approximately 0.98x stated SDE, the asking price is below one year of reported discretionary earnings, an unusually compelling headline relationship that warrants careful financial normalization and verification. The 12-location footprint, management infrastructure, recent renovations, seller financing, and sizable customer database support turnkey characteristics, while geographic and digital expansion provide identifiable growth levers. Regulatory exposure, lease terms, and sustainability of the stated 37.5% SDE margin should be key diligence priorities.
