Operational Cannabis Retail Dispensary, Production & Manufacturing Business For Sale (Madrid, New Mexico) #1082

An excellent opportunity to acquire a fully licensed cannabis retail, production, and manufacturing business! The company is located in the New Mexico tourist town of Madrid which is in Santa Fe County (Population +155k). It is well known for its eccentric artistic community, which includes galleries, restaurants, museums, and boarding houses. The facility that the licenses are held at is 640 SqFt, and the current owner is very involved in the business and is open to getting creative with the new owner. There are no debts or liabilities on the license, and the lease is in good standing. The company has been operational since 2022 and has excellent traffic volume, resulting in increased visibility! The company advertises on Weedmaps, Instagram, Facebook, and their own Website, with an average rating of 5 stars on Google and Weedmaps !!! This is a great location because it is directly in front of Road 14, a 54-mile long state road in northern New Mexico. The highway connects Albuquerque and Santa Fe and makes up the majority of the Turquoise Trail, a National Scenic Byway that also includes NM Route 536. This is a fantastic opportunity for someone looking to expand their footprint or business in the New Mexico Cannabis Market while also taking advantage of the nearby major markets, or for someone new to the industry!

Details: 

• Space: 640 Sq Ft
• Established since: 2022
• Buildout:
  • Building Purchased for $230K
  • Another $30K in Improvements
  • Building Recently Appraised at $280K
• Bills: Just the mortgage
• 2023 Gross Revenues: $450k
• 2023 Net Revenues: $50k
• Licenses: Retail Storefront, Production, Manufacturing
• Owner very involved in the business
• Employees: 2
• Located in a tourist town!
  • Lots of traffic creating higher visibility!

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, medical cannabis and medical cannabis products as part of a retail sale.
• Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).

Asking Price: $599,000.00 (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.

Michael Greene, DRE LIC NM# 8553

Green Life Business Group, Inc DRE CA LIC# 02061374

Elliot Cardenas, DRE LIC CA# 02138336

If you have any questions Call Elliot (619) 770-2699

Or Email : elliot@glbgroupinc.com

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

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This listing is represented by (Local Broker) via the Green Life Business Group National Affiliate Program.