Listing ID: 78725
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 10 years in the retail cannabis industry, as well 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 $750 K. 6 time winner of “High Times” Cannabis Cup.
Contact Jeff, (603)438-2653, Jeffreys.email@example.com
- Asking Price: $1,400,000
- 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,2,350 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 company was established in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. However, the real factor and the one they tell you might be 2 completely different things. For instance, they may state "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, recent decrease in revenues, or a variety of various other reasons. This is why it is extremely essential that you not count completely on a vendor's word, yet instead, use the seller's response along with your total due diligence. This will paint a much more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that revenue margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new customers? Often times, businesses have repeat consumers, which create the core of their daily earnings. Specific factors such as new competition sprouting up around the area, roadway building, as well as employee turnover can influence repeat consumers and also negatively influence future earnings. One important point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the better the opportunity to develop a returning customer base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the neighborhood median house income effect future earnings prospects?