Listing ID : 2431408
Listed On November 21, 2024 11
Listing Updated November 21, 2024
Reputable High Grossing Fully Operational Turnkey Cannabis Dispensary For Sale (Niles, Michigan) #1576
Don’t miss out on this incredible opportunity to own a fully operational cannabis dispensary in Niles, MI. In its first year, this business grossed $18M, achieving a 30% margin. This year 2024 the business has generated revenues of $12M-$13M YTD with a 22% EBITDA. Despite the presence of 72 dispensaries in the area, this dispensary has continued to perform exceptionally well, thanks to a loyal customer base—with 70% of its business coming from Indiana. It’s a rare chance to acquire a thriving operation in a competitive market. The Real Estate is also owned by the owner of the business adding a greater value for someone looking to leverage the acquisition of the Real Estate. This is a great opportunity for someone looking to acquire a healthy fully turkey and operational business that has a very high and well known reputation.
Gross Revenues:
2023 Gross : $18M
2024 YTD: $12M-$13M YTD
Details:
Space: 5,000 Sq Ft
Lease: Negotiable (Seller of Business is also Landlord)
Servicing 600 people per day
Wholesale Inventory: Approx. $300K
Point of Sale System: Dutchee /Floho
# of Employees: 58 Employees
Customers/Patients in Database: 76K
Drive-Thru Available
Own Building (Option to Purchase Real Estate)
70% of business comes from Indiana
Assigned Parking Spaces: 40
Supplemental Parking area purchased for parking
22% EBITDA: $2.8M
Highest reviews and customer satisfaction
Lowest wait times in the area
License:
Adult Use Retail Storefront
Asking Price: $9,999,999.00 (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.
Green Life Business Group, Inc DRE CA LIC# 02061374
Elijah Simkins, MI LIC #P83975
Andrew Mathews, DRE CA LIC #02091143
Elliot Cardenas, DRE CA LIC# 02138336
If you have any questions Call Drew (619)- 653-0483 or Elliot (619)-770-2699
Email: ceo@glbgroupinc.com, elliot@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
National Affiliate Listings
All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by Local Broker via the Green Life Business Group National Affiliate Program
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