Business Listing # 22-05 (a) combined listing of listings #22-03 and #22-05
Type of License: Recreational Marijuana Dispensary and a Recreational Marijuana Grow Facility located in Historic Pueblo County, and a Medical Marijuana Store (MMS) located in Rocky Mountain’s Colorado Springs.
Price: $2.42 Million
Lease:
Medical Marijuana Store
Monthly Rent: $4,085.18
Term: Lease renewed yearly
Landlord Friendly: Very friendly
Recreational Marijuana Dispensary and Grow
Monthly Rent: $10,000
Term: Lease up for renewal on November 23rd, 2023
Landlord Friendly: Yes
Licenses: A Recreational Store and Recreational Grow at a Tier 1, with 1,800 plants. Outdoor Grow license could be expanded to a higher plant count and could be expanded to have green houses, in compliance with the Marijuana Rules and with the approval of State and Local Counties.
Plants: For Recreational Marijuana Grow
Average Flower Plants: 1,800 for Outdoor Grow
Recreational Grow has produced 1,300 pounds of product in the last 3 years.
Layout:
Square Footage of Medical Marijuana Store: 2,375 sq. ft.
Square Footage of Recreational Dispensary: 3,996 sq. ft.
Square Footage of Recreational Grow Facility: 1 acre
Revenues:
Medical Marijuana Store
Location has had $10 million in sales since their doors first opened!
Sales in 2018: $628,789
Sales in 2019: $274,112
Sales in 2020: $4,133,643
Sales in 2021: $1,759,372
Sales in 2022: $280,000
Recreational Marijuana Dispensary and Grow
Location has done $8.4 million in sales since opening their doors!
Sales in 2019: $459,060*
Sales in 2020: $4,217,095*
Sales in 2021: $3,894,389*
Sales in 2022: $15,050,000* and produced flower
*Combined revenues with seller’s other business – see listing 22-04. *
Profits:
Medical Marijuana Store
Profits in 2018: $46,562
Profits in 2019: $73,274
Profits in 2020: $766,887
Profits in 2021: $462,884
Recreational Marijuana Dispensary and Grow
Profits in 2019: $143,781*
Profits in 2020: $1,705,395*
Profits in 2021: $1,204,043*
Profits for 2022: $230,000* after owner salaries
*Combined profits with seller’s other business – see listing 22-04. *
Electrical and HVAC:
Medical Marijuana Store
Electrical: Standard Electrical System for the Medical Dispensary.
Recreational Marijuana Dispensary and Grow
Electrical: 600-amp three phase system.
HVAC: Six, 4-ton units and four evaporative unit systems.
Employees:
Medical Marijuana Store
Employees: 4 employees who desire to stay.
Manager: 2 desiring to stay on.
Recreational Marijuana Dispensary and Grow
Number of Employees: 12
Desiring to Stay: Yes
(Location has low labor rates!)
Additional Information: Locations have a very large market share in their local area and have a texting program with over 10,000 people that will receive our daily deals, and marketing. With a 37,000 average customer base in total.
Asset List:
Medical Marijuana Store
• 3 – POS Systems, computers, and printers
• 2 – Refrigerators
• Glass Display cabinets
• DVR System, battery backup, and 20 security cameras
• 3 – Half-ton safes
• Stainless steel tables
• 1 – Massage Chair
• Paintings (artist, Dane Hampe)
• Glass Art (various artists)
• Sculpture (artist, Alex Ubatuba)
• 2 – TV’s
Recreational Marijuana Dispensary and Grow
• 4 – POS systems, with various computer and printers.
• 1 – Glass display cabinet
• 3- half-ton safes
• 1 – DVR system with a battery backup, and 46 security cameras.
• 1 -Harvest freeze dryer
• 1 – Flower packing and purging machine
• Multiple industrial pallet racking’s
• 20-ton gallon hash washing machine
• 1 – Washer and dryer
• Full kitchen
• Multiple stainless steel rolling benches
• 100-gallon water tanks
• 3- Deep freezers
• 1 – Refrigerator
• 1 – TV