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 firstname.lastname@example.org