Posted on August 31, 2022 / 18Listing ID: 451041APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $3,750,000
Status : ACTIVE
Size : 2400
Cannabis or Hemp Use Allowed? : Cannabis
License Can Be Moved to Another Location : Yes
License Type : Medical & Recreational
Sale Type : Cash, Financing, Owner Financing
Great Candidate for Retail Chain Expansion. This business is the local’s go to cannabis retail shop for high quality cannabis products and gear. This retail shop is located on a major arterial, with a daily traffic count of approximately 32,000 cars. The resident population within 3 miles of the store exceeds 90,000 people. The community has a median age of 39 & average household income of slightly under $115,000 per year, a prime demographic for acceptance of medicinal marijuana and recreational purposes.

A full spectrum cannabis retail business, customer demand exists for flower, pre-rolls/blunts, concentrates, edibles, and topical creams. Top selling brands at the store include Canna Organix, Exotikz, Crafts Elixirs, Mr. Moxey’s,  Amerikan Weed, Heylo, Dose, Seattle Bubble Works, Ceres, and Wildflower. Direct engagement with customers occurs through a newsletter and participation in the company’s loyalty program creating a strong percentage of repeat customers.

The business is executively managed by an owner operator. A knowledgeable, experienced cannabis entrepreneur, the business has been set up to employ best practices, offer high quality products, and provide superior customer service.

Management leadership is provided for daily operations by a general manager, marketing & operations manager, and a nights & weekends supervisor. The management staff is supported by 10 – 15 full & part-time employees.

The business operates out of an approximately 2400 square foot space specifically built out for cannabis business operation. The company started a new five-year term for the lease in March 2021 at a rate of $14,500 per month. Two additional five-year extension terms exist for continued operation of the business.

The business broker at IBA fielding initial inquiries about the business 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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