Medical Marijuana Dispensary

Not Disclosed, OK
Oklahoma County

Asking Price: Annual Revenue:
$295,000 $383,859

Retail: Health, Beauty, Nutrition

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RE: Medical Marijuana Dispensary Broker: Geary Welch

Quick Facts

Asking Price: $295,000
Annual Revenue: $383,859
Net Profit: Not Disclosed
Cash Flow: $70,272
Total Debt: Not Disclosed
FF&E: $30,705
Real Estate: Not Disclosed
Year Established: 2019
Employees: Not Disclosed
BBN Listing #: 10734955
Broker Reference #: 6501-15563

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Business Overview:

This is a great opportunity to get into the booming Medical Marijuana business as the industry continues to expand exponentially in Oklahoma and nationally. This tastefully designed dispensary has experienced consistently growing sales since opening in August 2019. This well branded Dispensary is well known in the area and a respected business in the OKC greater area. This offering gives a new owner an established business that can cater to all aspects of the industry and able to integrate the operation into other faucets of the Medical Marijuana Industry. This unique opportunity in the fast paced medical marijuana industry opened in August 2019 and the dispensary operation is booming with total sales of $127,000 in the first four months of operations. The business is a turn-key cash-flow positive retail dispensary in the growing and compliance driven market. The business has the standard operating procedures, processes and policies necessary to meet the changing needs of the industry.

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Property Features and Assets:

The dispensary is located within rock throwing distance of a major highway in south OKC area and features an 1,800 square foot strip center location with an opportunity to add additional square footage of unoccupied space. The location is leased and the property is not owned by the Seller and is not available through the Dispensary owner. The location has a great floor plan, very functional, efficient, in great shape and is up to all commercial codes with ample parking and expansion options. The dispensary space occupies a 10,000 square foot building which is situated on a 20,000 square foot lot. The business enjoys space for delivery with rear access and has a state of the art security and camera system throughout with a space that has excellent signage and branding. Assets = $73,284

Market Competition and Expansion:

There is some competition but none as professionally operated as this dispensary. This Medical Dispensary facility features top and bottom lines growing rapidly. This medical marijuana dispensary business is well-known and established. For the industry IBISWorld forecasts that revenue will increase at an annualized rate of 13.8% to $25.9 billion over the five years to 2024. In particular, an increase in per capita disposable income is projected to drive demand for industry products. Medicinal products are essential for health and therefore less susceptible to fluctuations in consumer expenditure. Additionally, medical and recreational marijuana stores will likely further expand their offerings of edible marijuana products, which will likely be a major growth segment for industry operators moving forward. The medical marijuana business is the fastest growing consumer segment in the U.S. The medical marijuana dispensary business is well-known and established in the industry and markets a wide selection of medical products from the largest brands in Oklahoma. The business enjoys a proven business model which includes operational systems, best practices, depth of resources and business relationships. The market conditions in this location are extremely favorable for Medical Marijuana in the state. This business has many long-standing customers and referral relationships. They maintain very high ratings in both Weedmaps and Google with very positive comments. The Growth potential for the industry according to IBISWorld: The Medical and Recreational Marijuana Stores industry is in the growth stage of its life cycle. Over the 10 years to 2024, its industry value added (IVA), which measures the industry’s contribution to the economy, is expected to grow at an annualized rate of 20.1%. This rate is markedly faster than the 2.1% projected growth for US GDP, indicating the industry will make up a larger share of the economy in the years ahead.

Reason for Selling:

Owners have other business interests.

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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