Listing ID: 73002
This dispensary is located in Oklahoma County. 1600 sq ft of leased space. Currently running over $35,000 in monthly sales. Open since 2018 with well established patients flow. Taxes paid, well documented, tightly run retail store. Owner is motivated and is will to allow the new buyer to work under their MMJ license while you get yours! Also, license transfer possibilities. All employees willing to stay on. Present owner has doubled sales since October 2020 and is looking for a buyer to take the dispensary to the next level.
Must sign an NDA and provide POF before any other detailed information is disseminated along with the company’s location.
This listing is an Exclusive Right to Sell by The Brave Heeler Acquisition Group.
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $240,000
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Store has office, storage, safe, windows are barred and a mag lock on the door to the dispensary.
Owner will stay on to train and carry license for a time!
Ready for a new adventure
Oklahoma MMJ market is strong and showing signs of strong earning throughout the year. Great location with a excellent customer base. Recreational is around the corner!
Owner is spending money on advertising ramping up for the fall.
The venture was established in 2018, making the business 4 years old.
The transaction does include inventory valued at $15,000, which is included in the suggested price.
The company has 3 employees and is situated in a building with estimated square footage of 1,600 sq ft.
The building is leased by the company for $2,200 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. Nevertheless, the real factor and the one they tell you might be 2 entirely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is extremely important that you not depend entirely on a seller's word, but rather, use the vendor's answer together with your general due diligence. This will repaint an extra sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that earnings margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new clients? Many times, businesses have repeat clients, which create the core of their everyday revenues. Particular aspects such as brand-new competitors sprouting up around the area, road building and construction, and staff turn over can influence repeat clients as well as adversely influence future earnings. One essential thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the better the possibility to build a returning consumer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood median home income influence future revenue potential?