Posted on August 31, 2022 / 66Listing ID: 451048APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $1,050,000
Status : ACTIVE
Size : 2100
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Medical & Recreational
Sale Type : Cash, Financing, Owner Financing

Excellent opportunity to enter the Cannabis Retail market with strong demographics. Very well priced store.

This retail cannabis shop is a local favorite for both and medical and recreational cannabis in the area. The Cowlitz County community has a population of 107,000 residents with a median age of 41 & average household income of slightly under $54,000 per year. The majority of Cowlitz County citizens work in an industrial or farming capacity. In addition, the Lower Columbia College is located in Longview making this a prime demographic for this dispensary’s sale of medicinal and recreational marijuana.

The business, a well ran and profitable cannabis dispensary, manages its customer demand well providing a full variety of cannabis products such as vape cartridges, flower, prerolls/blunts, concentrates (wax), edibles, and topical creams. Top selling brands at the store include WA Grower, Cedar Creek, Rolling Farms, Green Haven, Hempkings, Premier, ECC, Fleek Leaf and others.

This cannabis retail shop produced sales of slightly under $2,000,000 in 2021 with adjusted cash flow over $530,000. One item to note is that the federal and state government’s COVID Economic Relief plan provided a financial upside in 2020 and the first 9 months of 2021. This was an aberration for the entire cannabis industry. The sales of the business in 2020 were up nearly $450,000 over 2019 and 2021 ended $200,000 over 2019.

The business is executively managed by an owner. The owner’s effort is roughly 10-20 hours of oversight as a dedicated and fully experienced store manager oversees an operation of 5 employees. This store is well managed and curated for displaying merchandise for a superior retail experience. The owner has deployed best practices to minimize inventory, maximizing both shelf and floor space and enjoys a highly satisfied workforce.

The business operates out of an approximately 2,100 square foot space specifically built out for cannabis business operation. The company is under lease thru November 2024 at a rate of $2,200 NNN per month.

The lead business broker at IBA for this company is Seth Rudin. Mr. Rudin can be contacted directly at (425) 454-3052 or seth@ibainc.com.

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Cannabis & Hemp Banking
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