Cannabis Dispensary Facility for sale in Moore, OK 73160

This is actually 2 companies: 1) a high-end wellness center with a retail boutique, massage therapy, yoga, etc. and 2) a boutique dispo within the wellness center. There is room to expand within the current space, as well as another 3200 sq feet available directly adjacent to the current space that could be rented if/when OK goes recreational. This is more of a "bougie" approach - we started this adventure so that people had a nice place they were comfortable coming to that was unlike the traditional dispensary.

A few additional benefits include:

* lighted signage on the building as well as a digital sign that is viewable from 19th street and can be changed weekly to advertise specials;

* the space is wired for security and monitored by ADT, with camera functions that you can monitor on your mobile phone;

* located in a busy area - just across from Sam's Club (with 24 hr security) and with physical therapy office on one side and a busy hair salon on the other that are generally open into the evening for added security and potential customer base;

*great vendor/partner relationships, so if you decided to remain a smaller operation you still benefit from price discounts that enable you to stay competitive with the larger multi-site operations;

*we have a cashless ATM through Jory that only costs $25/month with auto deposits daily - helpful for both cost and security purposes;

*existing accounts with Valliance Bank, the premier cannabis bank in OK with the lowest fees - annual account fee is only $350 (already paid in June) and you only have additional nominal fees for cash deposits (which are rarely needed with the cashless ATM) - this is a huge cost savings and I believe they are capped and no longer accepting new accounts.

We have been fully operational, Metrc compliant, and have passed our annual OMMA inspection. We are fully renewed for 2023 - so after business sale, we would just need to file a change in ownership (which will require 50% local ownership) and work through account transfers, etc. With the new inspections and increased oversight, there will surely be other cheaper places to purchase - but you also purchase that history and risk. While the rent is a little higher than some other locations, the security, signage, and banking savings more than make up for the higher rent (plus the space is huge for expansion to accomodate the transition to recreational sales).

It took almost 6 months to work through the city and state processes for occupancy and licensing. The business just needs someone who can dedicate more time for marketing to drive growth. Yet the location and style are perfect for the transition to recreational which should be on the ballot this fall. This, combined with the 2 year freeze on new licenses, created great new business potential for someone who has time to dedicate to growing this business.

This is a great opportunity to get in quickly before the recreation transition starts!

Update: we have been in process with a buyer that is hitting some snags. Multiple buyers expressed intent to change approach and decor and indicated existing approach was not aligned with their business model. So we have liquidated all non-MMJ inventory and all fixtures/decor. We have reduced the price to accomodate an environment ready for you to reimagine!

Another six months under current lease, but landlord would likely be open to a new extended lease if you are concerned about lease termination. The landlord is fantastic to work with.