PROFITABLE Fully Operational Retail Business w/Option to Purchase For Sale (Muskegon County, Michigan) #659

  • $800,000

Business Description

Great opportunity to acquire a turnkey operational cannabis storefront! This is a Michigan-licensed, full-service recreational cannabis retail business that is currently generating revenue. The dispensary has implemented curbside pick up and has established a loyal clientele of customers and patients. This opportunity includes all licenses, inventory and curb-side pickup ability for customers. The business has plenty of upside growth potential with additional units & mixed use zoning that allows licensing to host events and pursue a production license or add a cultivation license!

This is a great opportunity for someone who is looking to target a major cannabis market in Michigan, a Multi-State Operator looking to expand their footprint in the industry, or someone who is looking to enter the industry and acquire a turnkey business.

Details:

    • Retail Space: 4,500 sq. ft.
    • Lease: $4k/mo for 5 yrs, $4k Annual Maintenance Fee
    • 2021 Gross Sales: $1.3M
  • 2022 is seeing 56% margins & on track to Gross $1.45M!!
    • New website & app
    • Employees: 7 Full Time
    • Recreational and Medicinal
    • Licensed both at Local and State Level
    • Brand, Book of Business and inventory included in the sale!
  • Seller is open to Management Service Agreement (MSA)

 

Licensing:

Provisioning Center (PC): New Michigan legislation set up a framework for the licensing and operating of medical marijuana dispensaries, which Michigan refers to as “provisioning centers,” along with adult-use retail stores. It was announced that for the first 24 months, applications would only be accepted from currently licensed medical marijuana operators.

 

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: $800,000.00 (Seller Open To ALL Offers)(MSA Option)

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

Elijah Simkins, MI LIC #P83975

If you have any questions Call Yesenia (858) 633-3013 Or Email : asm@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 (Local Broker) via the Green Life Business Group National Affiliate Program.

Business Details

  • Price: $800,000
  • Business Type: Cultivation, Retail
  • Business Status: For Sale
  • Location: Michigan
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.

Compare listings

Compare
Yesenia Jimenez, ASM
  • Yesenia Jimenez, ASM