Listing ID: 78722
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: $986,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- 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
Leased, 2,300 sq. Ft.
Comprehensive training based on over a decade of operational experience beginning with license, training and unparalleled ongoing support.
Leader in Industry, 12 years of operations.
Fastest growing consumer segment in the U.S.
The business was started in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. However, the true reason vs the one they tell you may be 2 totally different things. For instance, they may claim "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or a range of other reasons. This is why it is very vital that you not rely totally on a vendor's word, however rather, make use of the vendor's solution along with your overall due diligence. This will paint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new consumers? Most times, businesses have repeat consumers, which form the core of their daily profits. Specific aspects such as new competition sprouting up around the location, roadway building, and staff turnover can impact repeat customers as well as negatively influence future revenues. One crucial point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the chance to develop a returning customer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the neighborhood mean household earnings impact future earnings prospects?