Cannabis Retail Co

Asking Price$975,000

Cash Flow
$186,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,365,500

Inventory$275,000
Not included in asking price
FF&E$370,000
Included in asking price
listing imageSave

Cannabis Retail Co


Asking Price$975,000

Cash Flow
$186,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,365,500

Inventory$275,000
Not included in asking price
FF&E$370,000
Included in asking price
Business Description
Two years young, New Jersey State licensed retail cannabis company located in Summerset County Northern New Jersey with a 2024 gross sales early incomed $2,365,392 and a net yearly income of approximately $186,608 Cannabis retail company is a new frontier and an innovative way for New Jersey residents to receive quality cannabis they both seek & deserve. They are utilizing innovative technology with regards to customer service and high-quality products.? The company’s goal is to supply their customers with available purchases with a unique and memorable experience. Customer service and quality products go together as they start to build their brand and company value.? They also offer vape cartridges which are one of the fastest growing product categories among cannabis consumers. Viewed by some as the future of cannabis consumption, these modern devices offer consumers a range of benefits in a compact package. Cannabis vape cartridge is a small, pre-filled unit containing extracted cannabis oil for vaporization. Products in this category may vary in style and branding, but they typically follow a standard design formula. In each transaction, dispensaries are allowed to sell up to the equivalent of 28.35 grams or one ounce of usable cannabis. Legally allowable product categories include dried flower, concentrated oils, resin, vape formulas, tinctures, topicals, syringes, lozenges, and soft chews, but availability will vary by dispensary. This is a dependable safe business opportunity and based on the asking price, and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Have class 5 retailer license through CRC NJ. For Qualifications purposes, this business opportunity requires transfer and approval of the New Jersey State issued cannabis license to purchase or operate in addition to the standard required municipal licenses.
About the Business
Years in Operation
5
Number of Employees
8
Facilities & Assets
This business opportunity is in north central New Jersey, Somerset County on a highly active county road. This business facility consists of approximately 1,630 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.
Market Outlook / Competition
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement with the purchaser.
Opportunities for Growth
improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted it can further develop yearly business sales.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,630
Rent
$3,950.00 per month
Lease Expiration
1/1/3033
About the Sale
Seller Motivation
The purpose of this business transaction is due to the owner’s absentee ownershi
Transition Support
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to the purchaser.
Financing Options
To be determined.
Listing Info
ID
2395620
Listing Views
324

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Ron Cervelli Regal Consulting Corp.

Listing ID: 2395620 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.


Similar Listings