Business Overview

Well established cannabis delivery service with loyal clientele. Opportunity to enter the delivery space at a very reasonable price and avoid the time, expense and risk of applying for and developing a licensed business. Seller has refined its targeted marketing efforts and continues to grow its customer base with excellent customer service and prices. Very highly rated on social media platforms, including 4.9 and 5.0 ratings on Weedmaps based on over 700 listed reviews.

Financial

  • Asking Price: $1,199,000
  • Cash Flow: N/A
  • Gross Revenue: $1,200,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:150
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Current rent includes utilities and 24 hour security in a Cannabis Campus. Parking adequate for daily and overnight parking.

Is Support & Training Included:

Seller will facilitate a transition to the buyer.

Purpose For Selling:

Seller exiting the industry.

Pros and Cons:

Seller competes strongly by offering products at extremely attractive prices, and with quick delivery times. As inventory is nearing expiration, Seller offers it very cheaply as a popular special to its customers. 4.9 and 5.0 ratings on Weedmaps based on over 700 listed reviews.

Opportunities and Growth:

Buyer can capitalize on Seller's very high social media ratings, and large number of reviews on heavily used cannabis platforms. And continue Seller's regular text and email communications to customers about new inventory and specials.

Additional Info

The venture was established in 2018, making the business 4 years old.

The business has 3 employees and resides in a building with disclosed square footage of 150 sq ft.
The real estate is leased by the business for $2,599 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell operating businesses. However, the genuine factor vs the one they tell you may be 2 totally different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, recent decrease in profits, or a variety of various other factors. This is why it is really important that you not depend totally on a seller's word, yet rather, utilize the seller's answer in conjunction with your general due diligence. This will paint an extra sensible image of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be satisfied or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new clients? Most times, companies have repeat customers, which create the core of their everyday revenues. Certain variables such as new competition sprouting up around the location, road building, and employee turnover can influence repeat clients and also negatively affect future incomes. One essential point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the possibility to build a returning consumer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood mean family earnings influence future revenue potential?