Multiple Location Cannabis Retail Chain - (Consistent High Cash Flowing Operation)

CannaMLS ID: 7354
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Price: $7,500,000


Listing Details


Listing Category
Dispensary

License Status
Provisional license granted
Municipal / local license granted
State / annual license granted

Medical
YES

Adult Use
YES

Price: $7,500,000

Listing Status: For Sale

Excellent Reputation & Staff - Excellent for Strategic Acquisition Growth to 5 Store fronts

This retail cannabis shop chain is well positioned for success providing the Clark County, Washington metro area with multiple well run cannabis locations.

Over 500,000 residents live in Clark County (366,000 are over 18 years old). The average salary for all workers in Clark County is $47,000. Clark County’s residents have a median age of 38.6 years old and earn an average household income of slightly under $50,000 per year.

In total, this retail chain produced sales of over $6 million in 2021, up from slightly over $5 million in 2020. This resulted in adjusted cash flows of $2.4 million +, up 17% from 2020.

The company employs a full time Area General Manager who oversees all the stores and is supported by the owners. Ownership's labor contribution to the operation is on a limited basis. They spend approximately 8-12 hours a week providing executive oversight, banking, and accounting support across all of their retail shops.

The lead business broker for this company at IBA is Seth Rudin. Mr. Rudin can be contacted directly at (503) 739-4880 or seth@ibainc.com


Listing Details

Listing Status
For Sale

Location
Washington 98684

Date Listed For Sale:
9/5/2022

Date Last Updated:
9/6/2022

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
2400 sq ft

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Pricing Details

Listing Price
$7,500,000

Seller Financing Available?
YES

Lease Terms:

Owner owned; willing to sign long term lease and will consider offers for purchase of the properties.


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