Asking Price: $11,995,000
This is a great opportunity to enter the mature Colorado marijuana market with years of proven operational efficiencies and consistent revenue generation! The dispensaries provide a professional, inviting, and customer focused environment for all that choose to shop in the stores. Business started operations in 2015 and the second location started business operations in 2021.
The retail stores are located in Southern Colorado, locations will be given to qualified buyers only.
Store #1 is approximately 14,000 sqft, with over 2,700 sqft of showroom space. Store #1 has a fully functional 10,000 sqft cultivation facility with and approximately $300K in remodel and equipment in the facility. Store #1 also has a Manufactured Infused Products license attached to property as well.
Store #2 is located on Hwy 160 just west of Walsenburg, Colorado. Hwy 160 is a major thoroughfare from Western Colorado, to include, Durango and Telluride. The building is approximately 3,000 sqft, with a newly remodeled 1,300 sqft showroom. Store #2 has a cultivation hoop house located on the property for future cultivation expansion.
The real estate for Store #1 includes a 6-acre property with ample room for future expansion! Store #2 includes 4.1 acres with ample room for future expansion! Revenue has been consistently strong since opening in 2015. Store #1 has generated approximately $32M in gross revenue, with consistent annual revenue over $5M per year since 2016. In 2021 the store did approximately $6.5M in gross revenue. Store sales have remained very consistent over the last 6 years! Store #2 has done approximately $500k in sales since opening in spring of 2021. The store is projected to produce revenue at $1.2M – $1.5M in 2022.
Term of purchase
- For Sale: $11,995,000
Dom Schatz – GLRA – ER.100052058
- ID: 8252
- Published: November 11, 2021
- Last Update: November 23, 2021
- Views: 184