HS Listing ID-70990
Rare Multi-License Cannabis Retail Opportunity in the Heart of New Mexico’s #1 Market
Hedgestone Business Advisors is proud to present an exclusive, confidential offering of four (4) licensed cannabis retail dispensaries operating in New Mexico — one of the Southwest’s most active adult-use cannabis markets.
Three locations are fully operational and generating combined revenue of $587,864 over the trailing 9 months (July 2025–March 2026), with an annualized run rate of $783,818. A fourth location has been fully built out, permitted, and is ready to open immediately — representing significant upside for any incoming operator with no additional licensing or buildout cost.
All four locations hold active New Mexico retail cannabis licenses with grandfathered zoning protection — a critical competitive advantage that cannot be replicated at any price under current regulations.
The Numbers
Asking Price: $1,400,000
9-Month Revenue (3 stores): $587,864
Annualized Revenue Run Rate: $783,818
Avg Monthly Revenue: $65,318
Inventory On Hand (4/1/26): $131,206
Business Balances (FCI + Accounts): $104,688
License Value (4 licenses): ~$300,000
Revenue Multiple: ~1.77x ARR
Combined Monthly Rent (all 4): $15,601
Why This Deal Makes Sense
4 active retail licenses — grandfathered zoning, not subject to current setback restrictions. These are irreplaceable in today’s regulatory environment.
Revenue from day one — three stores open with established customer bases, staff, and operations in place. No startup risk.
4th store is a free option — fully built, permitted, and ready to flip the sign. At current run rates, that’s an additional $175K–$250K in annual revenue waiting to be unlocked.
Break-even = room to win — a qualified operator with cannabis retail experience can drive meaningful profitability through cost rationalization and operational scale across all four locations.
Multi-location leverage — shared purchasing, marketing, staffing, and brand presence that single-license operators can’t match.
Strong asset backing — approximately $535,000+ in hard assets (licenses, inventory, business balances) supports the asking price.
Deal Structure
Asset purchase, going-concern sale
Includes: 4 licenses, all inventory, leases, FF&E, and goodwill
Inventory transferred at verified cost at close
Seller financing open to discussion
License transfer subject to NM Cannabis Control Division approval
A signed confidentiality agreement is required for the exact location
