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.

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 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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