A one-year-old New Jersey State licensed retail cannabis company located in Northern New Jersey has gross sales of $2,045,579, twelve months gross sales of $3,204,058 and a net yearly income of $535,772. This cannabis retail company is a new frontier and an innovative way for New Jersey residents to receive the quality cannabis they both seek & deserve. They are utilizing innovative technology with regards to customer service and high-quality products. The company’s goal is to supply their customers with available purchases with a unique and memorable experience. Customer service and quality products go together as they start to build their brand and company value. They also offer vape cartridges, which are one of the fastest-growing product categories among cannabis consumers. Viewed by some as the future of cannabis consumption, these modern devices offer consumers a range of benefits in a compact package. A cannabis vape cartridge is a small, pre-filled unit containing extracted cannabis oil for vaporization. Products in this category may vary in style and branding, but they typically follow a standard design formula. In each transaction, dispensaries are allowed to sell up to the equivalent of 28.35 grams or one ounce of usable cannabis. Legally allowable product categories include dried flowers, concentrated oils, resin, vape formulas, tinctures, topicals, syringes, lozenges, and soft chews, but availability will vary by dispensary. This is a dependable, safe business opportunity, and based on the asking price and yearly net income, this business expects to provide a consistent return on investment to the owner-operators.
- Asking Price:
- $1,950,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $3,000,000
- Cash Flow:
- $535,772
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms; this business transaction will offer an assignable commercial lease which expires 2032-01-01, plus additional options available, with a monthly rent of $5,000, cost per square foot is approximately $26.00 and rent security is required.
- Leasehold Rent:
-
$60,000 per annum
- Lease Rent:
- $26 per sq ft per annum
- Location:
-
The business is in a commercial business district located in Morris County, New Jersey on an active county road near to major state highways. This retail shop has an excellent commercial location servicing numerous communities with continued need for this personal product.
- Premises Details:
-
This business opportunity is in north central New Jersey, Morris County on a highly active county road. This business facility consists of approximately 2,374 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.
- Size in square feet:
- 2,374
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
-
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The purpose of this business transaction is due to the owner absentee ownership and noncompetitive alternative company.
- Trading hours:
-
Days Hours of operation; this business is active seven days per week, with hours from 9:00 am to 7:00 pm.
- Employees:
- Regarding employees and payroll, this retail company consists of eight full and part-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $16,000 which includes the manager.
- Years established:
- 2022
Other Information
- Support & training:
-
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Also, seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $445,000 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price