Popular Oregon Coast Cannabis Retail Company

CannaMLS ID: 7423
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Price: $2,950,000


Listing Details


Listing Category
Dispensary

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

Medical
YES

Adult Use
YES

Price: $2,950,000

Listing Status: For Sale

Community Favorite of Both Locals & Tourists

This profitable, destination retail cannabis chain possesses excellent systems, infrastructure, staff, and tenant improved locations addressing all variables in this emerging industry presently owned and operated by experienced, successful entrepreneurs. This retail cannabis chain is a great candidate for a first-time cannabis retailer or as an add-on to an existing retail chain.

This cannabis retail chain is well managed and merchandised. Consumers of cannabis will find a full range of cannabis products when visiting any of their two locations. Their cannabis merchandise ranges from flower, concentrates, cartridges, vape pens, edibles, pre-rolled joint, vaporizers, topicals to locally-made and imported pipes, bongs, and dab rigs. As an example, some of the brands include Meraki Gardens pre-rolled joints, Bonafide Cannabis flower, Cave Junction Flower, Avitas extracts, Kumar Smoke Points (paraphernalia), and several others.

The company pre-rolls its own flower into joints to maximize profitability. Their rolled joints are top-sellers. In addition to strong product lines, both locations have a reputation of providing superb customer service. When customers visit one of their retail shops, they are greeted by friendly staff and experience a unique concierge level customer service offering superior product knowledge tailored to the needs of a cannabis connoisseur or the first-time user.

The shops are exceptionally merchandised for product presentation and selection with all budtenders prepared to provide a special 1:1 customer experience unlike any other in the area. The owners have set up the future buyer for success with seamless processes, clear and effective marketing, and fully compliant operations under the regulation of Oregon Liquor and Cannabis Commission. This is a turnkey operation that is projected to grow organically for many years. The business is recognized as a clean operation with the OLCC. No new licenses for cannabis retail shops will be granted by Oregon’s Liquor and Cannabis Commission per a November 2021 moratorium.

The management team has created a unified marketing message focused on increasing repeat business by offering superior product selection with exceptional customer service. Each of the locations operates a loyalty program that increases the rate of return for consumers. Both locations recently launched rewards programs – Cannabis Buyer’s Card – to drive customer loyalty and retention. In addition, the business has a variety of promotions designed to increase floor traffic and revenues as well as participating in 420 and 710. The cannabis industry grew 21% from 2019 to 2021 generating $21 billion of revenue per year with expected global market growth to $146 billion by end of 2025. In Oregon, cannabis sales reached $1.2 billion in sales in 2021 and the industry continues to see growth.

This company is jointly represented by Seth Rudin, IBA’s Lead Broker for the Cannabis Industry, and Joseph Hollcraft. They can be reached directly at (503) 739-4880, seth@ibainc.com, and joseph@ibainc.com.


Listing Details

Listing Status
For Sale

Location
Oregon 97415

Date Listed For Sale:
9/20/2022

Date Last Updated:
9/21/2022

Generating Revenue:
YES

Operational:
YES

Property Details

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Pricing Details

Listing Price
$2,950,000

Seller Financing Available?
YES

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