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OMMA Fully Operational Vertical Business w/ 3 Dispensaries & $8M Lifetime Gross Sales (Oklahoma City, OK)

Oklahoma City, OK, USA
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Businesses For Sale | Retail Stores & Dispensaries For Sale

Listing ID : 425197

Posted on December 8, 2023 View Count 1

Price :
$799,000
Business Financials & Assets :
Property Details :
Business Details :
Terms :
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

Amazing opportunity to acquire an operational Fully vertical Cannabis business in Oklahoma City with $8M in lifetime gross sales! The business holds (3) Retail Storefront Licenses, a Cultivation, Nursery and Processing license! All shops have amazing ratings online. Two of the retail storefronts are turnkey plug and play opportunities in Oklahoma City, Oklahoma with one being fully operational. The cultivation & processing facilities are also located in Oklahoma City, Oklahoma. The third Storefront is operational and located in Edmond, Oklahoma. All licenses are current and compliant, inspections and fire & safety good to go. All assets are included including cultivation equipment (lights, pots, extra irrigation, filters, etc.) and processing equipment (Packaging and Infusion). This operation can be fully absentee with the current management that is in place.

In May 2022, Oklahoma Gov. Kevin Stitt signed into law a pause on medical cannabis licensing in the state. The new law implements a moratorium on medical cannabis licensing, prohibiting regulators from issuing new cultivation, processing and retail licenses from August 2022 to August 2024. (Extended to 2026)

Details:

Licenses: (3) Retail Storefront (1) Processing (1) Nursery (1) Cultivation
Sale includes: POS, all FF&E, cases, safes, etc
Customer list: Approx 20k-30k
Book of business is included in the sale
Brand or names of the shops not included in the sale
Inventory: To Be Discussed
2019 Gross- $1,370,788
2020 Gross- $3,298,995
2021 Gross- $2,151,737
2022 Gross-$751,029
2023 Gross- On trend to exceed $1,500,000

Location #1:  Oklahoma City, Oklahoma (Operational)

Licenses: Retail Storefront and Nursery
Rent: $3250.00
Space: 2,500 Sq Ft
Lease: 4 Yrs Left
Employees: 6
Area sectioned off with glass to display Clones for sale
4.8 stars out of 5 on Google

Location #2: Oklahoma City, Oklahoma (Currently Non-Operational)

Licenses: Retail Storefront, Processing and Nursery
Rent: $3750.00
Space: 3,500 Sq Ft
Lease: 1 Yr Left (5 Yr Option)
Retail in the front
Area sectioned off with glass to display Clones for sale
Back room is spacious and has great security. Used for processing cured flower.
4.9 out of 5.0 star on google

Location #3: Edmond, Oklahoma (Operational)

Licenses: Retail Storefront
Rent: $4950.00
Space: 4,080 Sq Ft
Lease: 1 Yr Left (2) 5 Yr Options
4.9 out of 5.0 star on google

Location #4: Oklahoma City, Oklahoma (Operational)

Licenses: Cannabis Cultivation
Rent: $4261.00
Space: 7,200 Sq Ft
Lease: 1 Yr Left (2) 3 Yr Options
Employees: 5
Power: Approx. 600 Amps
Lights: 139 Flower lights + Veg lights
4 Quest Dehumidifiers
55 tons of AC (brand new 20 ton unit)
Licenses:

Retail Storefront – Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, cannabis and cannabis products as part of a retail sale.

Cultivation – A medical marijuana grower license allows a business to legally grow marijuana for medical purposes in Oklahoma. Licensed growers can only sell to licensed processors, dispensaries and other growers.

Processing – A medical marijuana processor license allows a business to legally process marijuana for medical purposes in Oklahoma. Licensed processors can sell to licensed dispensaries and other licensed processors.

Nursery – A nursery license is only required for those companies that sell clones/live plants

Asking Price: $799,000.00 (Seller Open to Offers)

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Lisa Gaylord, LIC DRE OK#139491

Tom Milks, DRE LIC CA# 02064305

Yesenia Jimenez, DRE LIC CA# 02073168

If you have any questions Call Tom at (619) 972-5952 or Yesenia at (858) 633-3013

Email: tom@glbgroupinc.com

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group National Affiliate Program.

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Retail Stores & Dispensaries

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License:02077927

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