Business Overview:
Location: Manhattan, NYC
License Type: Microbusiness License
This is a unique opportunity to join a highly profitable brand with a microbusiness license in Manhattan. The business is currently pre-revenue, with a valuation of $2 million. This sale is for 100% of the business, with certain carve outs. The buyer would be expected to carry the current brand, cultivate two specific strains, and host six cannabis events annually where the current executive team can sell products.
Opportunity Highlights:
1. Cannabis hospitality and tourism is valued at $17 billion. This brand is at the forefront of this emerging industry with its first location generating over $4 million in revenue annually.
2. Flexible to other business plans
3. Up to 49% of enterprise economics in the short term with a clear pathway to 100% ownership of the business.
Investment Opportunity:
This is a unique chance to acquire a fully licensed microbusiness in a prime NYC location, with the potential for growth and exclusive market presence. The buyer should be prepared for the build-out process as part of the equity purchase. The business is pre-revenue, making this an ideal opportunity for investors looking to establish a foothold in the NYC cannabis market.
This opportunity requires a $350,000 upfront investment and a $1,250,000 for the buildout.
Key Considerations:
- Relocation Flexibility: The current property was originally located in Hudson, but the approved relocation allows for flexibility within the area.
- Build-Out Required: The investor will be responsible for the build-out of the facility.
- Exclusive Cultivation Rights: Two specific strains are required to be cultivated as part of the sale agreement.
- Brand Continuity: The buyer must continue to carry the established brand.
- Event Hosting: Six annual cannabis events will need to be hosted, allowing the executive to sell products at these events.
Contact Us
This is an extraordinary chance to enter or expand within the cannabis market with a tailored and strategic investment.
If you are interested in this investment opportunity or wish to learn more about this listing, please reach out to CannDelta via email (lucas@canndelta.com) or by phone.
+1 (877) 274 6777
