File Number-#0584 | Location-Bay County, MI. | Gross Sales-$2,000,000 | Cash Flow-TBD | Business Price-$1,100,000 (Bus & RE) | Down Payment-$500,000 | Monthly Payment-$12,165.84 | Interest Rate/Amortization-8% int., amortized over 60 months, balloon due in 36 months | License Required-State | Inventory Value-$350k-$400k | Employees Part Time-6 | Date Established-2022 | Hours of Operation-Mon-Fri 9am-9pm | Real Estate-Included in Business Price | Reason for Sale-Absentee Owner has other business interest.
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.