Posted on November 11, 2022 / 106Listing ID: 490615APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $650,000
Company Name : Green Life Business Group, Inc
Phone : 6197702699

Great opportunity to acquire a fully turnkey retail storefront in the city of Medford, Oregon that is conveniently located off of the main 5 highway. This is a fully licensed Recreational Turnkey Cannabis Dispensary that is known for its excellent customer service. Medford is a city in and the county seat of Jackson County, Oregon. The building is 2,400 Sq Ft and the facility is in a prime location on a busy road with plenty of visibility. Close proximity to Downtown Medford, less than 5 minutes away. The business is utilizing both the Retail & Delivery component, the new owner just has to take over existing operations. This is currently in a Shopping Plaza, and has the Most growth potential of any store in the Seller’s portfolio.

Details:

  • License: Cannabis Retail Storefront
  • Rent: $4393
  • Lease Term: 1 Yr left on lease (5 Yr option)
  • Space: 2,400 Sq Ft
  • Employees: 5
  • 2022 Gross Revenues: 
  • Q1:  $ 159,365
  • Q2:  $ 239,586
  • 2022 On Pace To Gross: $797,902
  • 2022 Net Income:
  • Q1:  $ 17,703
  • Q2:  $ 44,377
  • 2022 On Pace To Net: $124,160

License:

  • Retail Storefront: A retail license is required to service recreational patients. A dispensary or caregiver license is needed to serve medical patients. It is possible to hold both licenses by paying a “medical bump up” fee to the OLCC. However, the medical and recreational dispensaries must be separate buildings (or suites).

 

Asking Price:  $650,000.00

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.

Scott Hite, DRE LIC OR# 201218627

If you have any questions Call Elliot at (619) 770-2699

Or Email : elliot@glbgroupinc.com

National Affiliate Listings

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

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