MergerPlace

3 Franchised Medical Cannabis

Florida (Broward)


  • Asking Price: $420,000
  • Gross Income: $470,359
  • Cash Flow: $122,566
  • Real Estate: Not Disclosed
  • Inventory: $16,000
  • FF&E: $60,000
  • Listing ID: #224645
  • Established: 2019
  • Employees: 3 FT

Business Description

3 Franchised stores of a premier medical cannabis health center, assisting Florida residents in search of alternative pathways for healthier living. The business assists its patients throughout the entire process; from the moment a patient walks through the clinics doors to the moment they receive their certifications for medical cannabis and beyond. The franchise sells CBD products and recently got approved to sell Delta 8 THC products which should help increase the revenues. The business has experienced a strong growth since inception with 1,000 patients served. Medical marijuana has become a very effective product to cure several health conditions and has gained important traction. The three stores have excellent reviews by customers.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Broward

Company Information

Year Established: 2019
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT

Financial Information

Asking Price: $420,000
Gross Revenue: $470,359
Cash Flow: $122,566
FF&E: $60,000
Inventory: $16,000
Seller Financing Available: Yes

Property Information

Facilities:

There are 3 stores: 1) 875 sq ft $3,690 rent 5 year option; 2) 1,200 sq ft $4,478 rent 5 years option and 3) 1,100 sq ft $3,480 rent 5 years option.

Growth & expansion opportunities:

The stores were established approximately one year ago and the growth have been strong. Medical marijuana has become a great solution for several health conditions and the growth of the stores will be supported by the gain in popularity of these products. The recent approval to sell Delta 8 THC gives the franchise a huge potential to generate additional revenues.

Competition:

There are not many serious companies offering this type of services related to medical marijuana. When it comes to health, it is important to show the support of a serious and successful franchise.

Reason for selling:

Another business opportunity.

Support & Training:

Will train for 1 week @ no cost Licenses needed: certificate of occupancy. General management skills needed to run the operation.

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Business Listed By:

Andy Fischer

Murphy Business Brokers