Turn-key Cannibis Retail for sale

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Description

Summary Description
Great opportunity to own a fully licensed and staffed retail cannabis shop for LESS THAN IT WOULD COST TO START ONE UP. This is a newly established storefront, fully renovated space, favourable lease terms, with POS system, security system, software licenses for operations, staff & general management and many repeat customers. Since this is a newly opened store, there are no year-end financials, Sales are approximately $15K-$20K monthly, internal monthly reports can be provided. This business currently has semi-passive ownership with no involvement in day-to-day activities, and only involved in some bookkeeping and payroll activities.  This business is fully staffed, and absolutely TURN-KEY.

Reason for selling: Owner has other business interests to focus on and is looking to exit.

**Please be advised banks are not offering financing for Cannabis stores, so you will need liquid funds to purchase.

**Buyers will need to qualify with Ontario Gaming Commission for legal cannabis retail license.

**Estimated Provincial Cannabis license transfer fees are $10K

General Information
Year Established: 2020
Facilities: This business operates out of 1470 sqft.

Market Outlook
Competition: New industry in Ontario.  Competitive retail stores are open in the area, but there are no new stores planned.

Growth and Expansion: There are tremendous expansion possibilities. Opportunities exist through marketing driven initiatives to increase store traffic, growth in online presence in both marketing and product offerings and community specific development of repeat customers.

Property Id : 19642
Business Asking Price: $75,000
Including: Furniture, Fixtures & Equipment: $20,000 Inventory: $22,000
Gross: $150,000 - $250,000
Seller’s Cash Flow: Available upon request
Listing ID: LBBO38
Support/Training: Owner willing to train during a transition period.
Financing: All cash or terms acceptable to the seller
Reason for Selling: Pursue other interests

William Sivell

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William Sivell