Staten Island Operational Dispensary For Sale

Details

Listing #5197

Asking Price: $4,950,000

We are pleased to present this is a rare chance to acquire one of only five operational dispensaries in Staten Island, securing a strong foothold in a limited-license market with excellent demographics and long-term growth potential. Staten Island is home to nearly 500,000 residents, with each dispensary serving an average of ~99,000 people, one of the highest population-per-store ratios in New York City. With above-average household incomes, stable homeownership, and limited competition, this dispensary offers both immediate performance and long-term upside in a high-barrier market.

Prime Location & Features

• 2,880 SF retail and administrative space, including a lower-level area.
• 35-car private parking lot, a major advantage in Staten Island’s retail environment and highly effective for community events, brand activations, and promotions.
• Competitive lease terms: $5,200/month rent plus $6,000 annually toward property taxes and utilities.
• Excellent visibility and access on a high-traffic corridor, surrounded by dense residential neighborhoods and nearby commercial activity.
• One of very few compliant retail properties in Staten Island — qualifying sites are extremely limited, and availability with ample parking is virtually nonexistent.

Key Investment Highlights

• Fully operational CAURD-licensed dispensary in Staten Island.
• One of five total operational dispensaries on the island — high-barrier competitive landscape.
• Large, underserved local population base: ~99,000 residents per dispensary.
• Prime location with rare 35 car parking capacity and strong neighborhood demographics.
• Proven financial performance with 28% profit margin and realistic upside through delivery expansion.
• Attractive valuation aligned with market norms and priced to encourage serious buyer interest.

Financial Overview (Pro Forma 2025)

• Gross Revenue: $5,029,812
• Net Income: $1,414,836
• Profit Margin: 28%
• Valuation Multiples:
  • Gross Multiplier = 0.98x
  • EBITDA Multiplier = 3.5x

Listing Price: $4,950,000

• Price excludes inventory; working capital negotiable.

Demographics & Market Strength

• Population: ~495,700 residents.
• Average population per dispensary: ~99,000 people (only five stores currently operating).
• Median household income: $95,000–$101,000 — higher than the NYC median, with an average household income of ~$126,000.
• Median home value: ~$672,000, reflecting strong property wealth and stability.
• Median age: ~41 years, with a mix of families, working professionals, and long-term residents.
• Education: ~35% of adults hold a bachelor’s degree or higher.
• Poverty rate: ~11–13%, lower than many NYC boroughs.
• These stats translate into a stable, affluent customer base with strong purchasing power and a reliance on convenient, local retail options.

Growth Upside

• Delivery Opportunity: Delivery services are currently operating but not at full capacity. Delivery fleet and service radius offers significant additional revenue potential.
• Event Capacity: Dedicated parking lot enables regular promotional and community events, enhancing customer engagement and retention.
• Brand Expansion: Staten Island’s underserved cannabis market provides room for differentiation through marketing, product selection, and loyalty programs.

New York Cannabis Market Potential

• Projected market size: New York’s adult-use cannabis industry is expected to surpass $5 billion annually within 5 years.
• Downstate demand: NYC boroughs, including Staten Island, will capture the majority of this growth due to population density and limited licenses.
• Staten Island’s combination of affluence, strong homeownership, and limited retail access creates above-average revenue potential per dispensary.

This opportunity offers a truly scarce combination of compliant licensing, prime location, affluent demographics, ample parking, and proven financials, making it one of the strongest dispensary investments available in New York today.

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Meilad Rafiei – License# 01788589 – WeCann