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Listed by:

Armen Nazarian Business Brokers

Retail Medical Cannabis In Bay County For Sale

bay county, Michigan, US
Asking Price:
$1,100,000
Sales Revenue:
$2,000,000
Cash Flow:
Not applicable

This is a unique opportunity to acquire a Retail Medical Cannabis business in Bay County. Established in 2022, this profitable business and property are being sold as a package deal. The property and business are in the green zone for medical marijuana provisioning and licensed in the State of Michigan.

The building was purchased in 2020 and went under a total renovation with all new buildouts! Business was doing between $250k-$300k per month in late 2022, now between $150k-$200k with absentee owner and no advertising. A new owner/operator with some creative advertising/marketing can easily pull in extremely high sales numbers!

So much more growth possibilities with this business. Seller has other businesses and runs the business absentee! A turnkey operation only needing a new owner/operator. Seller will train. Call Armen Nazarian Business Brokers

Property Information

Real Estate:

Real Property Included

Premises Details:

Established in 2022, this profitable business and property are being sold as a package deal. The property and business are in the green zone for medical marijuana provisioning and licensed in the State of Michigan. The building was purchased in 2020 and went under a total renovation with all new buildouts! Business was doing between $250k-$300k per month in late 2022, now between $150k-$200k with absentee owner and no advertising.

Size in square feet:
2,000

Business Operation

Expansion Potential:

A new owner/operator with some creative advertising/marketing can easily pull in extremely high sales numbers! So much more growth possibilities with this business.

Reasons for selling:

absentee owners has other business interest

Employees:
0 FT / 6 PT
Years established:
1

Other Information

Support & training:

seller will train

Financing available:

$1,100,000 with $500,000 down. 8% int., amortized over 60 months, balloon due in 36 months

Inventory / Stock value:
$350,000