Listing ID: 82540
Business Overview
This well established Montana medical mj business includes 3 owned properties and 3 assignable leased properties. The four dispensary locations are strategic to both borders and tourist attractions. Included in the leased properties are 2 of the 4 dispensaries and a production facility which is convenient to i90. Qualified state licensed buyers can receive plants and products. Also included, and rare in Montana MMJ, is a distillate machine big enough to service wholesale and statewide operations. The owned properties include the other 2 dispensaries and an unzoned 20 acre property within an hour of Bozeman. This gorgeous and discreet property has plenty of build sites, full fencing, and a great road that can bear trucks into a build-ready site for a grow, lab, kitchen combo. The 10,500 sq. ft. Armstrong Steel building is already on site ready to go up. Building and PIPP Horticulture interior design plans included. Assembly negotiable.
Financial
- Asking Price: $7,000,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
3 owned locations and 3 assignable leases. Great border and tourist locations. Amazing buildable land near Bozeman. Must bring your own grandfathered license to participate in recreational cannabis.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. However, the genuine factor and the one they say to you might be 2 totally different things. As an example, they might claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or a range of other factors. This is why it is very crucial that you not count entirely on a vendor's word, yet rather, use the seller's response combined with your total due diligence. This will paint a much more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that earnings margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in new consumers? Many times, businesses have repeat clients, which create the core of their daily revenues. Particular factors such as brand-new competitors growing up around the area, road construction, as well as staff turn over can impact repeat consumers and adversely influence future revenues. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to develop a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? How might the local median family income impact future revenue prospects?
