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.
