Revenue - 2,800,000
Asking price - $700,000
Ref: 04201
Location - Central Ontario
Status - New
Business Overview
• Formation: Business has been operational since 2021
• Primary Operation: Specializes in the sale of cannabis products and accessories, including THC and CBD products
• Operation Stability: The business has management in place who efficiently handle the day-to-day operations, ensuring continuity and efficiency
• Employees - 11 Nonunion employees, including 4 FT store managers
• Owner Role - Responsible for overseeing operations and finance
Deal Highlights
• Inclusive Assets: Purchase price includes furniture and fixtures, equipment valued approximately at $253,000 (as per the seller)
• Inventory - $120k to $170k (Not included)
• Deal Structure - Negotiable
Business Snapshot
• Revenue: Average revenue for the past 2 years is an impressive $3 million per year, yielding an average profit of approximately $270,000 per year
• Workforce: The business currently employs 11, including managers who are responsible for the daily operations
• Owner Roles: Owner(s) not involved in the day-to-day running of the business and only responsible for overseeing overall operations and finance
• Licensing: Business has the necessary AGCO license and other permits required
• Locally Owned: The business is locally owned, reputable, and has received great reviews from the community
• Growing Industry: Canadian recreational cannabis sales surpassed $5 billion in 2023, growing 12.2% compared to 2022
Transition & Future
• Smooth Handover: Current owner(s) willing to stay for a reasonable period to ensure a seamless transition
• Opportunity: This business doesn’t require any technical expertise and offers an outstanding chance to lead and expand a successful enterprise
• Reason for sale - Moving abroad
