Listing ID: 78719
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: $989,000
- 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 started in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. Nonetheless, the genuine reason and the one they say to you may be 2 absolutely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competition, current reduction in profits, or an array of other reasons. This is why it is very vital that you not count entirely on a seller's word, however rather, use the seller's response together with your overall due diligence. This will paint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too tight. Lots of companies 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 take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new consumers? Most times, companies have repeat consumers, which develop the core of their daily profits. Certain elements such as new competitors sprouting up around the location, road building and construction, and employee turnover can affect repeat clients as well as adversely impact future incomes. One important point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business regularly, the greater the possibility to build a returning client base. A final idea is the basic area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the local average family earnings influence future earnings prospects?