Cannabis Retail

Passaic County, NJ

Seller Financing Available

Cannabis Shop
Asking Price:$1,750,000
Gross Revenue:$2,040,570
Rent:$5,000/Month
Established Year:2022
Cash Flow:$557,772
Inventory:$200,000
FF&E:$445,000
BUSINESS DESCRIPTION

Two years young, New Jersey State licensed retail cannabis company located in Northern New Jersey with last twelve months gross sales of $3,204,058 and a net yearly income of approximately $587,772. This Cannabis retail company is a new frontier and an innovative way for New Jersey residents to receive 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. 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 flower, 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 supply a consistent return on investment to the owner operator. The business value is $1,750,000 based on a multiple of the net yearly income with consideration of the business licenses and assets. Also, seller financing with $650,000 down payment to a qualified buyer with an appropriate down payment, collateral, and credit rating.


DETAILED INFORMATION
Location
Passaic County, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,374
Lease Expiration
01/01/2030
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
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.
Growth & Expansion
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.
Financing
seller financing with $650,000 down payment to a qualified buyer with an appropriate
Support & Training
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Reason for Selling
The purpose of this business transaction is due to the owner absentee ownership
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Ron
Cervelli
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Ron Cervelli