Listing ID: 78726
Get a piece of the booming cannabis market without all the headaches. The state of Maine is accepting and processing applications by the end of this year and is projecting revenue from marijuana sales by March of 2020. The applications approved swiftly will depend on how complete they are. Compliantly operate the business without having to learn the expensive lessons of growing a cannabis dispensary or cultivation facility. Knowledge and expertise from 14years 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.Fastest growing consumer segment in the country. 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: $969,000
- 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
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- 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, 10 years of operations.
Fastest growing consumer segment in North America
The venture was started in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. Nevertheless, the true factor vs the one they say to you may be 2 entirely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a range of other reasons. This is why it is very essential that you not count totally on a seller's word, yet instead, utilize the vendor's answer together with your general due diligence. This will repaint an extra sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans so as to cover points like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings 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 also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new clients? Most times, companies have repeat consumers, which form the core of their daily profits. Certain factors such as new competitors growing up around the area, roadway construction, and staff turn over can affect repeat clients as well as negatively affect future earnings. One vital thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the chance to develop a returning client base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood average family earnings impact future revenue prospects?