An Exemplary Experience: Premier Cannabis Dispensary
Business Description
This dispensary is a well-established and licensed cannabis dispensary strategically located in the upscale Irvington area of Northeast Portland. A trusted name in the community, it appeals to residential customers and commercial traffic alike.
This is an excellent opportunity for a motivated entrepreneur to pick up the assets of a fully established store. The owners do not work full time in the dispensary. A dedicated owner/operator supported by two part-time sales assistants will streamlined staffing and significantly reduce operational costs and enhance earning potential.
Alternatively, the efficiencies of a multi-location operator and/or vertically integrated organizations also make this a natural acquisition.
Security:
The facility is equipped with top-of-the-line security systems, ensuring a secure shopping experience for its valued customers.
Regulatory Compliance:
Operations comply with all mandatory reporting systems, integrated into the company’s advanced POS technology.
Product Offering:
The company has positioned itself at the high end of the cannabis market, focusing on premium and diverse selections, including:
• expertly curated cannabis flowers,
• edibles,
• vape cartridges,
• extracts,
• tinctures,
• topicals, and accessories.
Cannabis flower accounts for approximately 50% of sales.
Business Assets Included in the Sale:
The sale includes the company website, phone number, business name and social media accounts, as well as essential equipment such as safes, POS systems, alarms, security cameras, freezers, refrigerators, storage units, and display cabinets. Also included are the inventory of premium cannabis products and related retail items.
Marketing:
There is a strong customer engagement strategy, leveraging email marketing, social media platforms (Facebook and Instagram), and in-store promotions. Additionally, online ordering has proved to be a significant draw for our clientele.
Gross Profit Performance:
2020 44%
2021 49%
2022 57%
2023 60%
2024 62%
This financial performance reflects industry-wide pricing pressures due to competition among producers. Decreased product prices have lead to decreased top line sales, but because of the company’s operating efficiencies, their gross margin has increased significantly. Additionally, the industry seems set to stabilize in the coming years, resulting in fewer producers and more favorable (increased) retail pricing.
This is an excellent opportunity for a motivated entrepreneur to pick up the assets of a fully established store. The owners do not work full time in the dispensary. A dedicated owner/operator supported by two part-time sales assistants will streamlined staffing and significantly reduce operational costs and enhance earning potential.
Alternatively, the efficiencies of a multi-location operator and/or vertically integrated organizations also make this a natural acquisition.
Security:
The facility is equipped with top-of-the-line security systems, ensuring a secure shopping experience for its valued customers.
Regulatory Compliance:
Operations comply with all mandatory reporting systems, integrated into the company’s advanced POS technology.
Product Offering:
The company has positioned itself at the high end of the cannabis market, focusing on premium and diverse selections, including:
• expertly curated cannabis flowers,
• edibles,
• vape cartridges,
• extracts,
• tinctures,
• topicals, and accessories.
Cannabis flower accounts for approximately 50% of sales.
Business Assets Included in the Sale:
The sale includes the company website, phone number, business name and social media accounts, as well as essential equipment such as safes, POS systems, alarms, security cameras, freezers, refrigerators, storage units, and display cabinets. Also included are the inventory of premium cannabis products and related retail items.
Marketing:
There is a strong customer engagement strategy, leveraging email marketing, social media platforms (Facebook and Instagram), and in-store promotions. Additionally, online ordering has proved to be a significant draw for our clientele.
Gross Profit Performance:
2020 44%
2021 49%
2022 57%
2023 60%
2024 62%
This financial performance reflects industry-wide pricing pressures due to competition among producers. Decreased product prices have lead to decreased top line sales, but because of the company’s operating efficiencies, their gross margin has increased significantly. Additionally, the industry seems set to stabilize in the coming years, resulting in fewer producers and more favorable (increased) retail pricing.
About the Business
- Years in Operation
- 10
- Facilities & Assets
- The Dispensary:
• The location is on a busy corridor with a 15,742 daily traffic count.
• The site includes ample off-street parking.
• The business is a spacious A-class retail space that is thoughtfully designed for customer engagement.
• The store features inviting viewing areas, well-organized sales counters, and ample display shelves to showcase our high-quality cannabis products.
• Operating hours are from 10:00 a.m. to 9:00 p.m. daily. - Market Outlook / Competition
- The cannabis market is unusually competitive, However, this company proudly stands at the forefront, offering a premium retail experience. An enthusiastic owner/operator can leverage this advantage to elevate our brand further.
- Opportunities for Growth
- Dispensaries must be licensed. At present, no new licenses are being issued, which cuts down competition. It also implies that expansion happens mainly by increasing product offering and potentially acquiring other dispensaries. Product also has seen an over-supply. This has led to lower prices, but also has meant better product margins and potentially more customers because of better pricing.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,764
- Rent
- $5,062.00 per month
- Lease Expiration
- 6/30/2028
About the Sale
- Seller Motivation
- Other professional commitments.
- Transition Support
- Operations are not complex and the owners offer one month of full-time training, will be available by phone for the next 60 days. After that owners will consult at an agreed upon rate.
- Financing Options
- Possible seller financing if it facilitates the deal.
Listing Info
- ID
- 2351227
- Listing Views
- 419
Listing ID: 2351227 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
