Strong Relationship Leads to Exit FE International helps serial entrepreneur in second succesful deal with the firm – selling Verma Farms to Branded
Company Overview:
Sold to
Verma Farms presents a top-tier CBD wellness solution, esteemed as a first choice for health aficionados. Championed by notable health influencers, physicians, and devoted users, Verma Farms shines for its potency in enhancing well-being, ensuring premium quality and promoting holistic health. The owner, a previous client of FE International, returned to the firm for help getting the deal done in a market with uncertainty and shifting changing regulation around CBD/THC. The process exceeded initial valuations and received 5 offers throughout the process.
Ecommerce CBD - Health & Wellness
Key Value Drivers:
Buyer Interest:
Process Results:
• Swift revenue surge, evident from a growth from c.$174K in 2019 to a staggering c.$2.7M in 2020 • Robust web traffic metrics, drawing c.680K visitors and garnering c.2M page views across its dual websites within the LTM • Revenues touching c.$3.9M in the LTM coupled with impressive net margins of c.39.1% • Steady order volume with c.3.9K monthly transactions over the LTM, underscored by a substantial AOV of c.$82
• Targeted list, including more than 50 strategic buyers
• Extensive M&A process generated 5 offers from both private equity and strategic players, leading to a considerable amount of upside in the final deal
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