Cannabis Dispensary & Real Estate - 60% YOY Growth

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$5,750,000 $3,750,000

Retail: Non-classifiable

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RE: Cannabis Dispensary & Real Estate - 60% YOY Growth Broker: Gregory Kovsky
Owner Financing is Available!
The seller will finance $750,000 of the transaction for a qualified buyer.

Quick Facts

Asking Price: $5,750,000
Annual Revenue: $3,750,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 585435781
Broker Reference #: CR2020

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Business Overview:

This business is a community favorite medical & recreational cannabis dispensary located on a major arterial with a daily traffic count of approximately 32,000 vehicles. 2020 revenue is up 60% versus 2019 year-to-date. The resident population within three miles of the store exceeds 90,000 people. The community has an average age of 38 and household income of slightly over $110,000 per year, a prime demographic for acceptance and incorporation of marijuana for medicinal and recreational purposes.

A full spectrum cannabis retail business, customer demand exists for flower, prerolls/blunts, concentrates, edibles, and topical creams. Direct engagement with customers occurs through a newsletter with a circulation group of approximately 10,000, participation in the company’s loyalty program, and involvement in community events.

The business is executively managed by an owner operator who previously owned a medical marijuana dispensary. 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 three person middle management team. The management staff is supported by 10 – 15 full & part-time employees.

The business operates out of a 2,000+ square foot space specifically built out for cannabis business operation. The first five-year term if the present lease expires on February 28, 2021. Three additional five-year extension terms exist for continued operation of the business. The property is available for purchase, if desired.

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Additional Details:

  • The property is owned.
  • 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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