Business Overview

This OKC dispensary has drive thru service and is located close to a college campus. It is located on a heavily trafficked commercial thoroughfare, a few blocks off a major freeway. Very strong profit margin. The sellers are amenable to seller financing for a portion of the purchase price with a short term credit worthy note, but the bulk of the purchase price must be in cash. The dispensary offers THC and CBD products. Two year residency requirement for 25% or greater owners. NDA and POF required. Broker on the transaction is Karen Muller, 203113, Oklahoma Broker.

Financial

  • Asking Price: $499,000
  • Cash Flow: N/A
  • Gross Revenue: $926,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,560
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The dispensary has 2560 sq ft, with 2000 sq ft devoted to retail space; a monthly rent of $3,450 per month, gross, with a 3 year term expiring 12/27/24 and an option to renew for three years. The property is available for purchase at a market price, with a cap, prior to 12/27/24, although this is in addition to the purchase price for the business.

Is Support & Training Included:

Sellers are willing to train the buyers and support a transition process.

Purpose For Selling:

Lifestyle change.

Pros and Cons:

An ongoing campus reopening will strongly benefit the dispensary. This is the closest dispensary to I-44 and at least 1/2 a mile away from another dispensary. If delivery is allowed in the future, this is also an excellent delivery depot location, due to the many residential rooftops nearby.

Opportunities and Growth:

Billboards can be posted on the nearby freeways with over 45,000 or more cars per day near the location.

Additional Info

The venture was established in 2019, making the business 3 years old.

The business has 2 employees and is located in a building with approx. square footage of 2,560 sq ft.
The building is leased by the company for $3,450 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. Nonetheless, the true factor and the one they tell you may be 2 completely different things. For instance, they might state "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, current reduction in incomes, or a range of other factors. This is why it is very important that you not depend completely on a seller's word, but rather, make use of the seller's response in conjunction with your total due diligence. This will repaint an extra sensible image of the business's existing situation.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that profit margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area bring in brand-new consumers? Most times, businesses have repeat clients, which create the core of their day-to-day earnings. Particular elements such as brand-new competition sprouting up around the area, road building, as well as staff turnover can influence repeat consumers as well as negatively influence future earnings. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional average house income impact future income prospects?