Profitable Cannabis Retail Storefront Business For Sale (Lincoln County, Oregon) #824

Unique opportunity to acquire a fully licensed operational storefront right by the coast. The building is 1000 Sq Ft and brought in $957k in sales for 2021. Being located on a main street on a corner lot this shop has high visibility and plenty of on site parking. This is a great opportunity for someone who is looking to enter the cannabis industry into a fully turnkey business, a multi state operator looking to expand their footprint or an Oregon operator who is looking to expand business operations and locations. This is a beach shop, great Seasonal High Tourists location.

Details:

• License: Cannabis Retail Storefront
• Rent: $1,216.67
• Lease Term: 5 Yrs
• Space: 1000 Sq Ft

• 2022 Gross Revenues: 

• Q1:   $ 199,098 
• Q2:   $ 267,538 

• 2022 On Pace To Gross: $933,272

• 2022 Net Income:

• Q1: $ 11,728 
• Q2: $ 42,029 

• 2022 On Pace To Net: $107,514

• Number of employees: 7

License:

• Retail Storefront: A retail license is required to service recreational patients. A dispensary or caregiver license is needed to serve medical patients. It is possible to hold both licenses by paying a “medical bump up” fee to the OLCC. However, the medical and recreational dispensaries must be separate buildings (or suites).

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this. 

Asking Price:  $950,000.00

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.

Scott Hite, DRE LIC OR# 201218627

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at 858-245-6324

Email : eespinoza@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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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.