VERY BUSY CORNER Cannabis Retail Storefront Business For Sale (Astoria, Oregon) #823

  • $1,750,000

Business Description

This is an AMAZING opportunity to acquire a profitable operational retail storefront in the heart of Astoria. The shop is located on a busy main street that provides high exposure from daily commuters and tourists alike. This location is a major tourist attraction and surrounded by hotels and restaurants. The building is 2,400 Sq Ft with plenty of parking spaces on site. In 2021, the business generated $1.5M in Gross Sales. This location is on a VERY BUSY CORNER, next to a very busy restaurant.

Details:

  • License: Cannabis Retail Storefront
  • Rent: $6258.31
  • Lease Term: 5 Yrs
  • Space: 2,400 Sq Ft
  • 2022 Gross Revenues: 
    • Q1:  $ 358,412 
    • Q2:  $ 365,160 
  • 2022 On Pace To Gross: $1,447,144
  • 2022 Net Income:
    • Q1:  $ 82,834 
    • Q2:  $ 71,205 
  • 2022 On Pace To Net: $308,078
  • Employees: 6

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:  $1,750,000.00

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

If you have any questions call Tom (619) 972-5952   

Or Email : nationwide@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.

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

Business Details

  • Price: $1,750,000
  • Business Type: Dispensary Retail w/ Delivery, Retail
  • Business Status: For Sale
  • Location: Oregon
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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Tom Milks, Agent
  • Tom Milks, Agent