Business details

Overview:

When Ovä was founded, it was with the view to bring about the next generation of vaping. Multiple studies have shown that vaping is highly effective in aiding smoking cessation. Yet, it is a market full of low-quality products. E-cigarettes are known to leak, run out of battery quickly and wreak havoc on the environment. Ovä wanted to set that right by producing a high-quality device that prioritizes functionality, experience and design.

This aligns with the fact that none of the most popular products on the market cater to a style-conscious audience; many e-cigarettes are bulky, cold to the touch and masculine, available in endless shades of grey.

Ovä turns that on its head. All Ovä products have been designed with luxury in mind. For many, vaping is an everyday activity. Why not provide a product that aligns with their values of consciousness and style?

So, Ovä was created by a team of award-winning designers in Copenhagen. They form part of the Ovä family, alongside its highly qualified device production team, chemists, engineers and expert flavorists.

Ovä sets itself apart by prioritizing design, function and experience in everything it does

All decisions made are driven by the desire to please its users. For example, Ovä uses a closed pod system because this is the most popular type among consumers. Closed pods are easy to use, convenient, portable, practical, and safe. This provides a great experience for existing vapers and is a great entry point for those adopting vaping as a secondary smoking solution.

Ovä has countless incredible features, including pre-filled disposable closed pods, a long-life rechargeable battery, high e-liquid capacity, and a great array of artisan flavors. Ovä products are built with the highest quality materials, best production technology and finest e-liquids.

But great experience isn’t just about producing a technically superior product. It’s about touch and feel. Ovä’s innovation takes it beyond its competitors, providing an all-around superior experience, led by its cutting-edge design. Ovä combines beautiful detail with the simplicity and functionality of the Scandinavian design. That means an elegant, stylish, and colorful product that aligns with its users’ values.

These values center around experience and consciousness. By the very nature of the product, Ovä provides a luxury vaping experience for all users. In terms of consciousness, Ovä ensures its users can continue to care for the environment by providing a product that doesn’t leak, can be recharged, rather requiring batteries to be replaced, and which uses pods that can be recycled after use.

Annual Turnover: TBC

Annual Turnover Period: Annual

Net profit: 0

Business Established: 2021

Current owner has run this business for: private

Business Sale Description:

Full product IP, supply chain, regulatory license, and online sales channel for sale as a ready to operate new business

Key Features of This Business:

• Huge Growth Potential;

• Has Supplier Relationships

Key Business Information:

• High Growth Possibilities;

• Strong Suppliers In Place;

• Professional/Friendly Team

Key Location Features:

• Office-Based

Potential Growth Opportunities:

The UK and specifically GB is the largest market for electronic cigarettes globally. The product is ready for sale in this market. Access to the rest of Europe can be easily facilitated, as well as the rest of the world giving room for huge international potential.

Vendor Open To a Transition Period: YES

Business Sector Type: Tobacco / Electronic Cigarette / Vape

Are Company Accounts Available: NO

Management Structure For Business: Run by owner

Number of Staff: 0

Business Sale Asking Price:

£455,187 ($600,000)

For Sale Is An Regulated Luxury Electronic Cigarette IP, Sales Channels and Supply Chain (Vaping Business)