Listing ID: 76632
Ideally located right off the I-25 corridor and Hwy 69 this Dispensary is 100% turn-key and fully operational! Over a 1000 Sqft. of usable space, sits on over 4 acres and is on city water/sewer. The newly renovated building features 32ft of lighted display cases, four new display towers for accessory displays in the waiting room, tables & chairs, new carpet & tile throughout, an ADA certified bathroom, wheelchair ramp, and safety bollards, newly renovate exterior windows, commercial-grade doors and hardware, as well as a new roof, new stucco, and a new cement apron around the entire building. The property is complete with a Colorado MED Compliant Security System throughout the interior and exterior of the building.
This is an incredibly profitable business opportunity you need to checkout for yourself today!
- Asking Price: $960,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1968
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
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- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business was established in 1968, making the business 54 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the true reason and the one they say to you may be 2 absolutely different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is very important that you not rely entirely on a vendor's word, however rather, use the vendor's solution in conjunction with your general due diligence. This will paint an extra reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover points like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that profit margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new customers? Most times, operating businesses have repeat clients, which create the core of their everyday profits. Specific aspects such as new competitors growing up around the location, road building, and employee turn over can impact repeat consumers and adversely impact future incomes. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the better the possibility to build a returning customer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Just how might the local average home income influence future revenue potential?