Posted on March 11, 2022 / 175Listing ID: 364369APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $3,900,000
Status : ACTIVE
Size : 2400
Cannabis or Hemp Use Allowed? : Cannabis and/or Hemp
License Can Be Moved to Another Location : Yes
License Type : Medical & Recreational
Utilities : Water, Electricity, Gas, Sewer, Natural Gas, Trash
Sale Type : Cash, Financing, Owner Financing, Joint Venture
Company Name : IBAInc.com - The Northwest's Premier Business Brokerage
Phone : 206-502-7066

This business is a community favorite cannabis retail store located on a major arterial, with a daily

traffic count of approximately 32,000 cars. The resident population within 3 miles of the store exceeds 90,000 people. The community has a median age of 39 & average household income of A full spectrum cannabis retail business, customer demand exists for flower, pre-rolls/blunts, concentrates, edibles, and topical creams. Top selling brands at the store include Canna Organix, Exotikz, Crafts Elixirs, Mr. Moxey’s, Oleum, Heylo, Dose, Seattle Bubble Works, Ceres, and Wildflower. Direct engagement with customers occurs through a newsletter and participation in the company’s loyalty program creating a strong percentage of repeat customers.

The business is executively managed by an owner operator. A knowledgeable, experienced cannabis entrepreneur, the business has been set up to employ best practices, offer high quality products, and provide superior customer service.

Management leadership is provided for daily operations by a general manager, marketing & operations manager, and a nights & weekends supervisor. The management staff is supported by 10 – 15 full & part-time employees.

The business operates out of an approximately 2,400 square foot space specifically built out for cannabis business operation. The company started a new five-year term for the lease in March 2021at a rate of $14,500 per month. Two additional five-year extension terms exist for continued operation of the business.

The business broker at IBA fielding initial inquiries about the business is Seth Rudin. Mr. Rudin can be contacted directly at (206) 502-7066 or seth@ibainc.com.

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Cannabis & Hemp Banking
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