Cannabis Retail - 30K Daily Car Count

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$3,750,000 $4,900,000

Retail: Health, Beauty, Nutrition

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RE: Cannabis Retail - 30K Daily Car Count Broker: Seth Rudin
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $3,750,000
Annual Revenue: $4,900,000
Net Profit: Not Disclosed
Cash Flow: $1,000,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 352835781
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This business is a community favorite cannabis retail store 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 & incorporation of marijuana for medicinal &
recreational purposes.

A full spectrum cannabis retail business, customer demand exists for flower, prerolls/blunts, concentrates, edibles, and topical creams. Top selling brands at the store include Canna Organix, Exotikz, Crafts Elixirs, Mr. Moxey’s, Oleum, 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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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