Posted on September 5, 2022 / 57Listing ID: 452990APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $7,500,000
Status : ACTIVE
Size : 2400 x 3
Cannabis or Hemp Use Allowed? : Cannabis and/or Hemp
License Can Be Moved to Another Location : Yes
Current Cannabis Business License? : Yes
License Type : Recreational, Medical, Medical & Recreational
Sale Type : Cash, Financing, Owner Financing

Excellent Reputation & Staff – Excellent for Strategic Acquisition Growth to 5 Shop locations.

This retail cannabis shop chain is well positioned for success providing the Clark County, Washington metro area with multiple well run cannabis locations.

Over 500,000 residents live in Clark County (366,000 are over 18 years old). The average salary for all workers in Clark County is $47,000. Clark County’s residents have a median age of 38.6 years old and earn an average household income of slightly under $50,000 per year.

In total, this retail chain produced sales of over $6 million in 2021, up from slightly over $5 million in 2020. This resulted in adjusted cash flows of $2.4 million +, up 17% from 2020.

The company employs a full time Area General Manager who oversees all the stores and is  supported by the owners. Ownership’s labor contribution to the operation is on a limited basis. They spend approximately 8-12 hours a week providing executive oversight, banking, and accounting support across all of their retail shops.

The lead business broker for this company at IBA is Seth Rudin. Mr. Rudin can be contacted directly at (503) 739-4880 or seth@ibainc.com.

MASSIVE UPSIDE POTENTIAL- Three Licenses, turn key, competitive lease, owner financing available. Richmond, CA.
You can do it all. Grow premium indoor for flower sales. Use the Type 7 equipment to create your own extract products. Use the distribution van to sell directly to dispensaries.VIEW LISTING
Contact Listing Owner
Cannabis & Hemp Banking
You May Also Like