Listing ID: 73274
One of Tulsa’s oldest dispensaries with established patient base for over 2yrs. Business grosses $1M annually with $250K net or SDE. 4000 sq ft building includes 2400 sq ft of potential grow op space already zoned. Business carries several exclusive brands and/or products and keeps 50 current strains of indica, sativa and hybrid flower on hand at all times! 24hr drive thru window can easily be added to increase sales by more than 50% based on other comps. Owners will seller finance up to 50% for right buyer(s)!
- Asking Price: $550,000
- Cash Flow: $389,000
- Gross Revenue: $1,000,000
- EBITDA: $250,000
- FF&E: $50,000
- Inventory: $50,000
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
4000 sq ft building with ample parking in front, includes up to 2400 sq ft of grow op space already zoned and approved.
15 day training and support by owners
Other business pursuits
Oldest dispenary in the immediate market area with first mover and best in class advantage.
24hr drive thru addition will easily increase sales by 50% per comps with similar set up.
The venture was established in 2019, making the business 3 years old.
The deal does include inventory valued at $50,000, which is included in the asking price.
The company has 3 employees and is situated in a building with disclosed square footage of 4,000 sq ft.
The building is leased by the business for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. However, the true reason and the one they tell you may be 2 completely different things. For instance, they may claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or an array of other reasons. This is why it is extremely important that you not depend completely on a seller's word, but instead, make use of the vendor's answer combined with your general due diligence. This will repaint a much more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that earnings margins are too tight. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new consumers? Many times, companies have repeat customers, which create the core of their daily revenues. Certain factors such as brand-new competition growing up around the location, roadway building and construction, and also employee turnover can influence repeat customers and negatively affect future profits. One important point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the higher the possibility to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the regional mean family earnings effect future earnings prospects?