Business Overview

Midtown Tulsa OK Licensed Medical Cannabis Dispensary with 1yr Net of $500K+ on $2.0M+ Sales and $170K Inventory Offered for $999K!!!
Located in the heart of Tulsa’s(1M+ Metro) thriving Midtown this extremely well-managed and cashflow positive 1 ½ year old company is considered one of the “Best-In-Class” medical cannabis industry leaders in OK. Company has increased revenues nearly every month with 12 month trailing sales over $2 million operating from a 1000 sq ft bldg! Average adjusted net cashflow is $500K+ with over $170K in current inventory and $100K FF&E included. Most of the seasoned team of 4+ employees have been with the company for over a year. Business licenses are transferrable with new owner(s) subject to OK background check.
The company is in a very strong position to grow 20-30% annually due to the steady increase in medical cannabis product demand and a large influx of out of state visitors with 30-day temporary licenses driving less than an hour for top-shelf “black-label” products. There are also strong opportunities to develop new profit centers and “vertically integrate” as well expansion of the brand to other parts of the city. The business is only 1 mile from I-244(one of busiest highways in Tulsa) and other highway arteries and the low cost of living, minimal competition and existing skilled labor force make the location very attractive. The owner will provide extensive training and support during the transition of 30 days. The business is priced at $1.1M including $170K current inventory, and over $100K in FF&E. 1000 Sq. Ft Building with gated parking for 15 cars leases for $1600 month. There are some owner financing options available for right buyer!

Financial

  • Asking Price: $999,000
  • Cash Flow: N/A
  • Gross Revenue: $2,300,000
  • EBITDA: $500,000
  • FF&E: $75,000
  • Inventory: $175,000
  • Inventory Included: Yes
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:700
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

700 sq ft building with another 2500 sq ft of parking and covered garage for outdoor events.

Is Support & Training Included:

15-20 days training and transition with both owners

Purpose For Selling:

Other business pursuits

Pros and Cons:

Considered Tulsa's Best In Class Flower Shop with over 50 current strains of top shelf flower at $8 per gram or volume discount.

Opportunities and Growth:

Drive thru and 24hr operation would double revenues!

Additional Info

The company was established in 2020, making the business 2 years old.
The transaction will include inventory valued at $175,000, which is included in the requested price.

The business has 3 employees and is situated in a building with disclosed square footage of 700 sq ft.
The property is leased by the company for $1,600 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell companies. However, the true factor vs the one they tell you may be 2 absolutely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in profits, or a range of various other factors. This is why it is extremely crucial that you not depend absolutely on a vendor's word, but instead, make use of the seller's solution combined with your general due diligence. This will repaint an extra sensible picture of the business's present situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that profit margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new customers? Most times, operating businesses have repeat customers, which create the core of their daily profits. Particular variables such as brand-new competition sprouting up around the location, roadway building, and personnel turnover can affect repeat consumers and negatively impact future earnings. One essential point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the better the possibility to construct a returning client base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the local average home earnings impact future income prospects?