Licensed Cannabis Dispensary Business[Incl RE]

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Background

BizEx ID:BizEx1291-BJ
General Location:Riverside, CA
Category: Medical Products & Supplies
Years in Business:1
Under Present Owner:1
Hours of Operation:8am-11pm on weekdays, 8am-12am on weekend
Owner Hours:5pm-11pm
Training:None
Organization Type:LLC
Lease Expiration:0
Lease Options:0
Building Size:3,200sqft
Employees:9
Reason for Sale:Other Opportunity

Financials

Asking Price:$5,000,000
Down Payment:Negotiable
Gross Sales:$4,560,000
Discretionary Cash Flow:Call
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?Yes
Rent:$0

2019
Gross Sales $
Gross Profit $
Disc. Earnings $ 1,920,000

Description

Best deal in town. 

30 +% ROI with asking price $5,000,000 including:

1) ALL Cannabis-related licenses: 

(Dispensary, Cultivation, Adult-use, distribution, city, and state...etc) Most cities have stopped issuing dispensary licenses because they need to limit the NEW cannabis business.

2) Real Estate:

0.88 Acre of land, including 8,000 sqft greenhouse plan

3200 Retail store 

3) Drive-Thru

To provide the most convenient method for the consumer. 

4) Projection growth:

Avg 18% growth per month since the first opening. Projection $500,000 per month gross.


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Betty Jong
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 161
Direct: 310-882-2200 X161
Lic#: 01916702

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations