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Leading Dispensary in Colorado Springs for sale.

Colorado Springs, CO, USA
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Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 817218

Listed On July 9, 2024 View Count 72

Listing Updated July 9, 2024

Price For Sale:
$2,300,000
Gross Revenue:
$2,850,000
Cash Flow:
$525,850
Real Estate:
Leased
Current Cannabis Business License:
Yes
License Type:
Medical
Rent:
$3,600
Size:
4,900 Sq. Ft.
Lot Size:
.3 Acres
Power:
400 AMPS
Utilities:
Electricity, City Water, Sewer, Garbage, Natural Gas
Facility & Tenant Improvements:
Facility is in Maculate condition inside and out. Modern design with 6 POS Systems.
Terms of Sale:
Cash, Financing , Owner Financing
NDA Required:
No
Growth and Expansion Opportunities:
1600 SF portion of property is just storage and could be used for a bigger store for Rec, Grow, Processor, or another store such as a vape shop.
Reason for Selling:
We have a new opportunity in our home state that we are pursuing.
Support & Training Offered:
We will easily train you to run the company, as you will most likely already be a player in the space if you buy this.
Company Name:
N/A
Phone:
8597971377
Email:
ryanmoorefoos@hotmail.com
Description :

We are listing our Dispensary for sale in Colorado Springs, CO with $2.85 M in sales and 525k in EBITDA in 2023. We know this business will continue being successful, so we are offering owner financing buyer putting 50% down and 10% interest. We are currently selling 4x the average dispensary in the El Paso County region. Specific details such as name and location can be disclosed with proof of funds. Location is central Colorado Springs on a main street with traffic counts over 36,000 cars daily. Company is one of the most recognized brands in Colorado Springs and has been a leader in the industry for 10 years. Company is highly profitable with $2.85M in revenue and $525,852 in EBITDA in 2023. Total building sqft is 4,800 SQFT with 3,200 SQFT built out, making it super ideal for when Recreational Marijuana hits potentially this November, Which will allow the remaining space to be built for Rec. The Building is leased and rent is only $3,600 a month Plus NNN and still active for 3 years. Landlord is amazing and is perfectly happy with the business and would want this business to stay for all of time. 

We are selling our business at just over 4x of 2023 EBITDA which makes this a prime investment for any knowledgeable investor. Currently, we are buying 100% of our products from wholesale companies and do not grow anything ourselves, making this store invaluable for an existing operator ready to move more product or expand their current cultivation operations. We Currently have a 4% market share of all of El Paso County making our store a staple in the Colorado Springs Market. 

Facility has plus or minus $200,000 in inventory at all times, and has the following features:

  • 1 Entrance Area
  • 1 Large Dispensary Room
  • 2 Offices
  • 2 Product Storage Rooms
  • 1 DVR Room
  • 1 Break Area
  • 1 x 1600 SF space that can be utilized for when Rec passes or you could start a second Store/Grow/Processor.
  • 6 POS systems with debit card readers
  • 1 ATM
  • Over 20 display cases and display refrigerators
  • 3 Safes
  • And too many more things to list

Recreational Marijuana will have another shot at passing this November in Colorado Springs. We feel it will happen as its the General Election versus Midterms. Our thought is there will be 3 to 4 times the amount of voters for this November presidential election and voters tend to be younger and leaning left during presidential elections, which are more in favor of Recreational Cannabis. We have done a lot of analysis on what will happen to sales and profit when Rec passes, and our general census is our EBITDA would roughly double. We would hold tight and wait for it to pass, but we have a new opportunity in our home state that we want to pursue immediately.

Serious inquiry’s only, and all personal information will not be discussed without proof of funds. Owner is willing to finance with 50% of the money down and an extremely low 10% interest rate on remaining funds. We believe this business will thrive, therefor were willing to finance.

Please contact ryanmoorefoos@hotmail.com or (859) 797-1377 for more information.

Medical Cannabis Cultivation Operation in Mississippi For Sale

Mississippi, USA

Cultivation/ Production

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