Listing ID : 912761
Broker ID : 01788589
Listed On September 10, 2025 78
Listing Updated September 15, 2025
Asking Price: $4,950,000
We are pleased to present this rare chance to acquire one of only five operational dispensaries in Staten Island, securing a strong foothold in a limited-license market with excellent demographics and long-term growth potential. Staten Island is home to nearly 500,000 residents, with each dispensary serving an average of ~99,000 people, one of the highest population-per-store ratios in New York City. With above-average household incomes, stable homeownership, and limited competition, this dispensary offers both immediate performance and long-term upside in a high-barrier market.
Prime Location & Features
-2,880 SF retail and administrative space, including a lower-level area.
-35-car private parking lot, a major advantage in Staten Island’s retail environment and highly effective for community events, brand activations, and promotions.
-Competitive lease terms: $5,200/month rent plus $6,000 annually toward property taxes and utilities.
-Excellent visibility and access on a high-traffic corridor, surrounded by dense residential neighborhoods and nearby commercial activity.
-One of very few compliant retail properties in Staten Island — qualifying sites are extremely limited, and availability with ample parking is virtually nonexistent.
Key Investment Highlights
-Fully operational CAURD-licensed dispensary in Staten Island.
-One of five total operational dispensaries on the island — high-barrier competitive landscape.
-Large, underserved local population base: ~99,000 residents per dispensary.
-Prime location with rare 35 car parking capacity and strong neighborhood demographics.
-Proven financial performance with 28% profit margin and realistic upside through delivery expansion.
-Attractive valuation aligned with market norms and priced to encourage serious buyer interest.
Financial Overview (Pro Forma 2025)
-Gross Revenue: $5,029,812
-Net Income: $1,414,836
-Profit Margin: 28%
Valuation Multiples:
Gross Multiplier = 0.98x
EBITDA Multiplier = 3.5x
Listing Price: $4,950,000
Price excludes inventory; working capital negotiable
Demographics & Market Strength
Population: ~495,700 residents.
Average population per dispensary: ~99,000 people (only five stores currently operating).
Median household income: $95,000–$101,000 — higher than the NYC median, with an average household income of ~$126,000.
Median home value: ~$672,000, reflecting strong property wealth and stability.
Median age: ~41 years, with a mix of families, working professionals, and long-term residents.
Education: ~35% of adults hold a bachelor’s degree or higher.
Poverty rate: ~11–13%, lower than many NYC boroughs.
These stats translate into a stable, affluent customer base with strong purchasing power and a reliance on convenient, local retail options.
Growth Upside
-Delivery Opportunity: Delivery services are currently operating but not at full capacity. Delivery fleet and service radius offers significant additional revenue potential.
-Event Capacity: Dedicated parking lot enables regular promotional and community events, enhancing customer engagement and retention.
-Brand Expansion: Staten Island’s underserved cannabis market provides room for differentiation through marketing, product selection, and loyalty programs.
New York Cannabis Market Potential
Projected market size: New York’s adult-use cannabis industry is expected to surpass $5 billion annually within 5 years.
Downstate demand: NYC boroughs, including Staten Island, will capture the majority of this growth due to population density and limited licenses.
Staten Island’s combination of affluence, strong homeownership, and limited retail access creates above-average revenue potential per dispensary.
This opportunity offers a truly scarce combination of compliant licensing, prime location, affluent demographics, ample parking, and proven financials, making it one of the strongest dispensary investments available in New York today.
This opportunity offers a truly scarce combination of compliant licensing, prime location, affluent demographics, ample parking, and proven financials, making it one of the strongest dispensary investments available in New York today.
Contact Listing Owner
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