Fully Operational Cannabis Dispensary Business For Sale Includes Prime Real Estate (Alpena County, Michigan) #1321

  • $1,499,000
Pending Med New Popular RE Included Rec Turn Key
Fully Operational Cannabis Dispensary Business For Sale Includes Prime Real Estate (Alpena County, Michigan) #1321
  • $1,499,000

Business Description

Amazing opportunity in the heart of Alpena County, Michigan for a fully operational cannabis dispensary. The dispensary comes bundled with an existing clientele and its prime real estate, creating unparalleled value for anyone looking to enter the Michigan Market. 

This dispensary boasts an impressive average monthly gross revenue of $225,000. This remarkable performance is fueled by its strategic location at a bustling intersection, drawing substantial foot traffic and visibility. Adjacent to major fast-food chains, the dispensary enjoys a prime spot that maximizes customer reach and convenience.

What truly sets this opportunity apart is the inclusion of the property in the asking price. Valued independently at $500,000, the real estate adds a significant asset to the deal, making it an exceptionally attractive investment proposition. Moreover, the property benefits from a grandfathered zoning restriction, safeguarding its market position by preventing competing dispensaries from encroaching on its territory.

The asking price of $1 million represents a remarkable value proposition, especially considering the projected gross revenues exceeding $2.5 million for the current year. This trajectory of growth underscores the immense potential for profit and expansion in the rapidly evolving cannabis market.

By acquiring this turnkey operation, investors gain not only a high revenue producing business but also a valuable piece of real estate in a prime location. 

 

Details: 

  • Space: 2k SqFt
  • Real Estate Est Value: $500k 
  • Lease Terms: TBD 
  • Wholesale Inventory (Not Included in Asking): $400k
  • P.O.S.: Dutchie
  • Monthly Avg Gross Revenues: $225k/Month
  • Training Provided by Seller: 30 Days
  • Parking Spaces: Plenty
  • Employees: 10
  • Customers/Patient Count: 3k-4k
  • Capital Invested: $300k 

License:

  • Adult Use Marijuana Retailer

 

Asking Price: $1,499,000.00 (Seller Open to Offers)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 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

Eric Espinoza, DRE CA LIC# 02077927

If you have any questions call Eric (858) 245-6324

Email: broker@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.

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.

Business Details

  • Price: $1,499,000
  • Business Type: Dispensary Retail w/ Delivery, Real Estate Property, Seller Financing Available
  • Business Status: Pending
  • Location: Michigan
  • Gross Revenue: $2,700,000.00
  • Capital Invested: $300,000.00
Green Life Business Group, Inc DRE CA LIC# 02061374
Pictures shown are for illustrative purposes only and do not represent the actual business, unless otherwise noted.

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Eric Espinoza, VP
  • Eric Espinoza, VP