Recession Resistant Cannabis Shop

CannaMLS ID: 8480
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Price: $6,500,000


Listing Details


Listing Category
Dispensary

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

Medical
YES

Adult Use
YES

Price: $6,500,000

Listing Status: For Sale

Semi-Absentee Ownership - enjoy $500K+ Monthly Revenues

This retail cannabis shop chain is well positioned for success providing a growing county adjacent to a large metropolitan area with two well run cannabis locations and a canna gear storefront.

The residents of the county have a median age of approximately 40 years old and earn an average household income of approximately $50,000 per year.

In total, this retail chain of 2 THC locations and one canna-gear and merchandise store produced sales of over $6 million in 2022. This chain outperformed Washington State's retail cannabis market on average by 21%.

The company employs a full time Area General Manager who oversees all three 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.

 

Owner is willing to provide financing for qualified buyers who demonstrate strong credit and make a meaningful down payment.


Listing Details

Listing Status
For Sale

Location
Washington 98001

Date Listed For Sale:
2/5/2023

Date Last Updated:
3/2/2023

Generating Revenue:
YES

Operational:
YES

Property Details

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Pricing Details

Listing Price
$6,500,000

Lease Terms:

To be discussed in negotiations


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