Marijuana Recreational & Medical Retail Store & Grow Operation- So Front Range CO
The best high traffic Recreational & Medical dispensary and grow facility in a well-known and growing town. The business consistently has over 2M in gross revenues per year. The company’s top and bottom lines are growing.
The building has a turn-key cash-flow positive retail store, an indoor grow operation that has room to build out an additional 18,000 plus square feet with the capacity to accommodate a tier 2 & 3 grow operation, and for many reasons it has a very valuable license. Plus, growers can buy the building and grow much more economically than in the Denver Metro area. The market conditions in this location are extremely favorable and boasts one of the highest per-capita sales of cannabis in the state.
They opened their recreational & medical store and grow operations in late 2014. They also sell a wide selection of medical and recreational products from the largest brands in Colorado, which include concentrates, oils, vape pens, edibles, topicals and a full line of accessories. They have a tier 1 grow license.
The price for the retail operation is 1.4M plus inventory which is approximately 100K. The building is being offered at 1.5M and the seller will not sell one without the other being sold also.
This business has many long-standing customers and referral relationships which means Recurring Revenue which always supports a higher multiple. This business will not change after the sale based on their reputation and location. They maintain very high ratings in both Weedmaps and Google with very positive comments.
The owner is of retirement age and is selling due to retiring.