Listing ID: 78713
Get a piece of the booming cannabis market without all the headaches. Fastest growing consumer segment in the country. Compliantly operate the business without having to learn the expensive lessons of growing a cannabis dispensary or cultivation facility. Knowledge and expertise from 12 years in the retail cannabis industry, as well as exclusive access to the best cannabis strains and products on the market. Proven business model and decades of franchise and retail experience, Includes operational systems, best practices, depth of resources, and business relationships, as well as national brand recognition and marketing support that allows entrepreneurs to flourish in the budding cannabis industry. Perfect fit for entrepreneurs with liquid capital of $950 K. “6” time winner of “High Times” Cannabis Cup.
- Asking Price: $1,100,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
2,300 sq. Ft. leased retail space
Comprehensive training based on over a decade of operational experience beginning with license, training, and unparalleled ongoing support.
A leader in Industry, 11 years of operations.
Fastest growing consumer segment in the U.S.
The venture was established in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell businesses. Nonetheless, the true reason vs the one they tell you may be 2 completely different things. For instance, they may state "I have too many various commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of other factors. This is why it is really vital that you not depend completely on a seller's word, however instead, make use of the seller's solution combined with your total due diligence. This will repaint a much more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover items such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that profit margins are too tight. Many companies come under 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 take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new customers? Often times, businesses have repeat consumers, which develop the core of their everyday profits. Certain variables such as brand-new competitors growing up around the area, road building, and staff turnover can impact repeat clients and negatively impact future incomes. One vital thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the possibility to build a returning customer base. A last thought is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional average household income impact future earnings prospects?