Listing ID : 914948
Broker ID : 01788589
Listed On September 26, 2025 13
Listing Updated September 29, 2025
Listing Highlights :
Asking Price: $2,900,000
We are very excited to present this opportunity to acquire an operational, CAURD-licensed dispensary located in the heart of downtown Peekskill, NY, a thriving Westchester County community known for its strong support of local businesses and vibrant cultural scene. The dispensary opened in August 2024 and already benefits from consistent foot traffic, convenient public parking, and a built-in community following through its popular events. With a favorable lease, additional income from an upstairs event space, and pro forma 2025 revenues projected at nearly $3 million, the business is well-positioned for immediate cash flow and significant upside through expanded delivery, event programming, and future lounge regulations.
Property & Business Overview
-Fully operational CAURD-licensed dispensary, opened August 2024
-“Mom & Pop” style retailer – strong alignment with local culture and community values
-1,000 SF retail space on the first floor
-An additional 1,000 SF second floor used as event space
Rent & Location Benefits
-Rent for dispensary space: $2,700/month
-Rent for upstairs event space: $2,000/month
-Total Rent: $4,700/month
-Convenient parking: street parking plus a public garage directly across the street
-Downtown location: amidst retailers, restaurants, and banks, high visibility & foot traffic
Events, Upside & Regulatory Potential
-Already hosting popular community events: poker nights, yoga, and more…
-Event space across the street has been used by Seller for larger events and is available for future events
-Once New York finalizes cannabis lounge regulations, this location is ideally suited for on-site consumption and entertainment
Financial Projections
Metric 2025 Pro Forma Estimate
Gross Revenue ~$2,959,816
EBITDA ~$316,070
Key Investment Highlights
-Operational dispensary with immediate cash flow
-Rental income from event space offsets fixed costs
-Positioned for future consumption lounge regulations
-Pro forma financials demonstrate attractive returns
-Significant upside via expanded delivery & events
Market & Demographics
-Within a 10-minute drive: ≈ 92,000 people, average household income ≈ $136,250
-One of 3 operational dispensaries in Peekskill.
-Located in a city that embraces small, local businesses — “mom & pops” resonate strongly
-Surrounded by complementary businesses (restaurants, retail, banks) driving foot traffic
-Westchester County market has limited dispensary competition under CAURD structure
Deal Terms
-Asking Price: $2.9 million
-Approx. 0.98× pro forma gross revenue multiple.
-Includes fixtures, CAURD license, and existing event leases/contracts
-Excludes working capital/inventory (negotiable)
Why This Is A Great Opportunity
-Downtown location with excellent visibility and parking
-Strong demographics with high income households nearby
-Dual revenue streams: dispensary + event venue
-Positioned to capitalize on future regulatory shifts
-Community-driven business model with growth upside
-Steady increase in revenue, with additional upside in expanding delivery, and eventually a lounge
Contact Listing Owner
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