5Listing ID: 260679GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $2,339,000
Status : ACTIVE
Size : 3912
Cannabis or Hemp Use Allowed? : Cannabis
License Can Be Moved to Another Location : Yes
License Type : Medical
Utilities : Water, Electricity, Gas, Sewer, Trash
Sale Type : Cash
Company Name : Cannabis Business Brokers, Inc.
Phone : 714-390-3364

These two Oklahoma City Dispensaries have growing revenue due to their good locations and 24/7 drive thru service.  2020 Gross Revenue of $2,240,000 and EBITDA of $650,000.  Both locations are leased but one location is being moved to a brand new location being built out by the owners, near to the original location, in July 2021.  The dispensary not being moved is close to a campus and on a heavily trafficked commercial thoroughfare, a few blocks off a major freeway.  The drive thru window continues to draw increased traffic and happy customers.  The new location, on Highway 66 and is also a few blocks off a major freeway, will also have a drive thru and the owners expect to retain their current customer base after the move.  The sellers are amenable to seller financing for a portion of the purchase price with a short term credit worthy note, but the bulk of the purchase price must be in cash. Two year residency requirement for 25% or greater owners. There are two dispensaries.  The first dispensary has 2560 sq ft, with 2000 sq ft devoted to retail space; a monthly rent of $2560 per month, a 5 year term and options to renew and purchase the property.  The second dispensary has 1352 sq ft, with 1100 sq ft devoted to retail space, a monthly rent of $1500, a 15 year lease and an option to renew.  Both locations have drive thru service and the second dispensary will have a walk up window. A campus reopening will strongly benefit the first dispensary.  The second dispensary is adjacent to a coffee shot.  Both dispensaries are well located.  One is the the nearest dispensary to I-44 and the other is on Iconic Route 66, but also near a freeway. The closest dispensaries are 1/2 a mile away.   It is anticipated that Oklahoma will cap the issuance of new medical cannabis licenses during 2021.  Currently, Oklahoma has more than 10,000 active license for dispensaries, growers and processors, and measures may be taken by the state so that there will be more than 8,000, breaking down to 5,000 growers, 2,000 dispensaries and 1,000 processors. Billboards can be posted on the nearby freeways with over 45,000 or more cars per day near each location.  With the possible passage of delivery by the Oklahoma Legislature, these dispensaries could further increase revenue due to the many residential rooftops nearby. Sellers are willing to train the buyers and support a transition process. NDA and POF required.

AD: Massive Cannabis Complex For Sale – San Bernardino County | $109,000,000
2021 On Pace Revenues $29M, EBITDA $20M. Unique opportunity for a one-of-a-kind ±44,500 sq. ft. industrial property, located on 4.68 Acres, located in an opportunity zone of San Bernardino County.
Call Drew Mathews at (619) 653-0483 for more info.
DRE CA LIC# 02091143
Contact Listing Owner
Cannabis & Hemp Banking
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