Hemp Crate Co.
CBD subscription box business founded in 2018 by Lowell Bieber and Ryan Culver as a 10-15 hour per week side hustle. With around $50K monthly revenue, it sold in 2021 for mid-six figures, about 2x trailing twelve-month profit and 0.8x revenue.
Financial Data
Exit Analysis
Hemp Crate Co. changed hands at a 2.0× profit multiple, below the 2.5× median of the 105 deals in this database that disclosed both price and profit. Multiples below the median usually point to risk the buyer priced in: churn, dependence on a single channel or a business that still needed its founder.
This database tracks 117 E-commerce exits, and the ones that disclosed a price sold at a median of $125,000. Category matters more than founders expect: buyers apply different discount rates to a content business, a mobile app and a B2B tool even at identical revenue.
From founding to sale took 3.0 years. Time to exit is a decent proxy for how built-to-sell a business was: shorter, cleaner processes usually mean documented operations and fewer surprises in due diligence.
See how this compares across the market on our market stats page, or browse more E-commerce exits.
Exit Timeline
Founder
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