The Hanover Paper Company is a Pre-Rolled Rolling Paper Business. Currently, I own around $9,000 in pre-rolled cones(King Size) packaged in packs of 3 which are packaged in boxes of 72. Our supplier has other options, but after doing a small amount of research I thought this would be a good starting point.
Here's an opportunity to get involved in a growing industry. The Hanover Paper Company is a Pre-Rolled Rolling Paper Business. This setup comes with over $9,000 in product, as well as a direct introduction to our manufacture. I have been working on this business since Nov 2017. ALL FDA paperwork has been filled out (Not an easy process). I should be approved by September (They said to give them 3 months, which would be in August). This product is imported. In the eyes of the FDA importing this product is the equivalent of making it. You legally need to be approved by the FDA to sell. I had a transaction to provide proof of concept then just refunded them. Being easy to ship makes the high margin and easy to ship smaller items very flexible when advertising (i.e. free shipping, just pay shipping, etc.) Lastly, with this FDA approval you can easily "white label" smoke shop, beer stores or dispensaries their own branded papers.
How can the future owner improve the business?
I believe you have an opportunity to grow with this industry on both the direct to consumer and B2B levels. Becoming the white label provider for other brands would be a great business model.
What work have you put into the store?
Manufacturing- locating, researching, negotiating, and confirming a supplier
Government Approvals- FDA paperwork filed as a manufacturer
Inventory- Hanover Paper Company product packaging designed and purchased
How many hours does it take to run this business per week?