Since opening in 2022, gross sales have increased monthly and are expected to exceed $2 million in 2023. The dispensary is profitable and the price is based on a low multiple of expected net income for 2023. Exquisitely designed and beautifully appointed dispensary, located in a popular commercial center, with plenty of parking and curbside pickup. The shop offers an extremely wide selection of products in a relaxed setting, with affordable pricing for high quality products. The commercial center location is right off a main thoroughfare, with over a dozen other retail establishments, including a grocery store, a bakery, several restaurants, a liquor store and a clothing store. The location is very close to a college and many single and multifamily residences. Perfect acquisition for a chain looking to grow its brand or a first time entrant seeking a high quality asset. Seller is heavily implementing SEO, social media and other marketing techniques to grow its revenue and is experiencing excellent results. Gross sales are expected to continue to grow for the foreseeable future, due principally to extremely focused and strategic internet based marketing techniques, the appealing design of the shop and the friendly and knowledgeable employees. Lease for 2172 sq. ft., at $7,000 monthly, including NNN payments, expires January 31, 2028. Option to extend for a five (5) year period. Seller has purposefully distinguished the look and feel of its shop from its competitors, many of which are in older facilities established in the medical era. Seller’s clean, open design and easy access, offer an inviting and modern alternative experience. Sonoma County’s population exceeds 500,000 and is growing; and it boasts a low 3% unemployment rate. College aged customers comprise a strong customer component of the shop. However, seniors comprise the fasting growing population segment of the county. While this dispensary is targeted to appeal to all customers, it will particularly appeal to seniors with its relaxing atmosphere and very helpful bud-tenders. Seniors are a growing cannabis customer base, who have strong disposable income and typically are loyal repeat customers. Seller is amenable to seller financing for a portion of the purchase price. Seller is available to assist in the transition of the business to the Buyer. NDA and POF required.
