This dispensary is a well-established and licensed cannabis dispensary strategically located in the upscale Irvington area of Northeast Portland. A trusted name in the community, it appeals to residential customers and commercial traffic alike.

The Opportunity:

This is an excellent opportunity for a motivated entrepreneur to pick up the assets of a fully established store. The owners do not work full time in the dispensary. A dedicated owner/operator supported by two part-time sales assistants will streamlined staffing and significantly reduce operational costs and enhance earning potential.

Alternatively, the efficiencies of a multi-location operator and/or vertically integrated organizations also make this a natural acquisition.

The Dispensary:

·       The location is on the busy MLK Jr. corridor with a 15,742 daily traffic count.  

·       The site includes ample off-street parking.  

·       The business is a spacious 1,764 square feet of A-class retail space that is thoughtfully designed for customer engagement.

·       The store features inviting viewing areas, well-organized sales counters, and ample display shelves to showcase our high-quality cannabis products.

·       Operating hours are from 10:00 a.m. to 9:00 p.m. daily.

Security:

The facility is equipped with top-of-the-line security systems, ensuring a secure shopping experience for its valued customers. 

Regulatory Compliance:

Operations comply with all mandatory reporting systems, integrated into the company’s advanced POS technology.

Product Offering:

The company has positioned itself at the high end of the cannabis market, focusing on premium and diverse selections, including:

·       expertly curated cannabis flowers,

·       edibles,

·       vape cartridges,

·       extracts,

·       tinctures,

·       topicals, and accessories.

Cannabis flower accounts for approximately 50% of sales.

Business Assets Included in the Sale:

The sale includes the company website, phone number, business name and social media accounts, as well as essential equipment such as safes, POS systems, alarms, security cameras, freezers, refrigerators, storage units, and display cabinets. Also included are the inventory of premium cannabis products and related retail items.

Marketing:

There is a strong customer engagement strategy, leveraging email marketing, social media platforms (Facebook and Instagram), and in-store promotions. Additionally, online ordering has proved to be a significant draw for our clientele.

Gross Profit Performance:

2020    44%

2021    49%

2022    57%

2023    60%    

2024    62%    

This financial performance reflects industry-wide pricing pressures due to competition among producers. Decreased product prices have lead to decreased top line sales, but because of the company’s operating efficiencies, their gross margin has increased significantly. Additionally, the industry seems set to stabilize in the coming years, resulting in fewer producers and more favorable (increased) retail pricing.