Reputable High Grossing Fully Operational Turnkey Cannabis Dispensary For Sale (Niles, Michigan) #1576

Don’t miss out on this incredible opportunity to own a fully operational cannabis dispensary in Niles, MI. In its first year, this business grossed $18M, achieving a 30% margin. This year 2024 the business has generated revenues of $12M-$13M YTD with a 22% EBITDA. Despite the presence of 72 dispensaries in the area, this dispensary has continued to perform exceptionally well, thanks to a loyal customer base—with 70% of its business coming from Indiana. It’s a rare chance to acquire a thriving operation in a competitive market. The Real Estate is also owned by the owner of the business adding a greater value for someone looking to leverage the acquisition of the Real Estate. This is a great opportunity for someone looking to acquire a healthy fully turkey and operational business that has a very high and well known reputation. 

Gross Revenues:

2023 Gross : $18M 
2024 YTD: $12M-$13M YTD
Details:

Space: 5,000 Sq Ft 
Lease: Negotiable (Seller of Business is also Landlord) 
Servicing 600 people per day
Wholesale Inventory: Approx. $300K 
Point of Sale System: Dutchee /Floho 
# of Employees: 58 Employees 
Customers/Patients in Database: 76K  
Drive-Thru Available
Own Building (Option to Purchase Real Estate)  
70% of business comes from Indiana
Assigned Parking Spaces: 40 
Supplemental Parking area purchased for parking 
22% EBITDA: $2.8M  
Highest reviews and customer satisfaction
Lowest wait times in the area
License:

Adult Use Retail Storefront 
 

Asking Price: $9,999,999.00 (Seller Open to Offers)

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Elijah Simkins, MI LIC #P83975

Andrew Mathews, DRE CA LIC #02091143 

Elliot Cardenas, DRE CA LIC# 02138336

If you have any questions Call Drew (619)- 653-0483 or  Elliot (619)-770-2699

Email: ceo@glbgroupinc.com, elliot@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by Local Broker via the Green Life Business Group National Affiliate Program