Overview:
This is a prime opportunity to acquire a licensed and fully operational cannabis dispensary located in New Jersey. Housed in a standalone former bank building on a high-visibility corner, this dispensary benefits from a unique layout and excellent foot traffic. With its modern design, established customer base, and strategic location, this turnkey business is ideal for investors or entrepreneurs looking to enter or expand in the growing New Jersey cannabis market.
Highlights:
Store Features:
- Located in a standalone former bank building on a triangular corner with visibility from five streets.
- Spacious 1,800 sq. ft. retail space, fully built-out and ready for operation.
- Basement in excellent condition, providing additional room for expansion.
- Modern interior with custom LED lighting, island display cases, and high-quality millwork.
- Two washrooms for staff and customer convenience.
- Dutchie Point-of-Sale (POS) system for seamless operations.
Performance:
- Profitable and generating consistent revenue.
- Average of 45 customers per day, with a basket size of approximately $80.
- High foot traffic with excellent street exposure and outdoor signage.
- Strong repeat customer base, emphasizing loyalty and satisfaction.
Additional Features:
- Fully equipped with a safe, security system, and IT contracts for software updates.
- Air-conditioned for customer and staff comfort.
- 100 feet from municipal parking offering hundreds of spaces for convenience.
- Includes all fixtures and equipment, making it a turnkey operation.
Financial Terms:
- Asking Price: $2.7M.
- Lease Terms: $5,150 per month with a nine-year lease and a five-year renewal option.
- Ownership: Licensed and operational business for sale; property not included.
Unique Value Proposition:
- Located in a prime, high-visibility area with significant foot traffic.
- Standalone building offers branding opportunities and accessibility.
- Fully operational with an established customer base and strong profitability.
- Turnkey business with all necessary equipment and systems in place for a seamless transition.
Contact:
If you are interested in this exceptional investment opportunity, please contact CannDelta at sales@canndelta.com or call +1 (877) 274-6777 using this listing ID.