MergerPlace

Retail Sales of Cannabis Accessories

Ontario


  • Asking Price: $725,000
  • Gross Income: $1,181,863
  • Cash Flow: $488,476
  • Real Estate: Not Disclosed
  • Inventory: $200,000
  • FF&E: $25,000
  • Listing ID: #197712
  • Established: 2006
  • Employees: 3 PT

Business Description

As legalization looms in the marijuana industry, one of the often-overlooked opportunities is the simple Head Shop, the retail business of selling; glassware, vaporizers, papers and cannabis related smoking accessories. Here’s your chance to acquire a proven model for managing an efficient and profitable Head Shop.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Ontario

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 PT

Financial Information

Asking Price: $725,000
Gross Revenue: $1,181,863
Cash Flow: $488,476
FF&E: $25,000
Inventory: $200,000
Seller Financing Available: Yes

Property Information

Facilities:

Leased retail store (1,700 sq. ft.) with parking - conveniently located downtown. Lease renewal terms will be finalized before Closing.

Growth & expansion opportunities:

With the media and investment focus on the sale and production of cannabis, the simple Head Shop has the same potential for significant growth in both sales and customer base, as follows: 1. the pending legalization of recreational cannabis; 2. increase in medical marijuana users; 3. develop an on-line retail platform; and 4. franchise the business model.

Competition:

Competition has come and gone over the years, but this location has stood the test of time. The shop is known for the best variety of products and reasonable prices & knowledgeable staff. The shop also carries several products that are exclusive to their location.

Reason for selling:

After ten plus years the Owner no longer wants to manage a store and wishes to seek new opportunities, excitement and semi-retire. The owner will consider working with the right buyer that has the necessary experience and funds to franchise the business model in exchange for a minority equity interest.

Support & Training:

Will train for 4 weeks @ no cost. Glassware, Vaporizers, Pipes, Grinders, Shredders & related Smoking Accessories. Products range from high volume, reasonably priced glassware to high-end custom and hand blown glassware. To maintain the high reputation of the store the new owner should be knowledgeable about the industry and products and have the ability to keep staff informed and educated on these products.

Contact Business Seller

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Business Listed By:

Greg Wood

Murphy Business Brokers