Retail Medical Cannabis

Bay County, MI

Seller Financing Available

listing image
Asking Price:$1,100,000
Inventory:$400,000
Gross Revenue:$2,000,000
Established Year:2022
BUSINESS DESCRIPTION

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.
Note: Buyers MUST sign Confidentiality Agreement and show proof of funds before disclosing location or conducting walk thru.


DETAILED INFORMATION
Location
Bay County, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
2,000
Employees
6
Facilities
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!
Growth & Expansion
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.
Financing
$1,100,000 with $500,000 down, 8% int., amortized over 60 months, Balloon due in 36 m
Support & Training
Seller will train.
Reason for Selling
Absentee Owner has other business interests.
Report an Issue with this listing
profile-img
AP
Nazarian
logo-img
AP Nazarian