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Vancouver Island 3 Store Cannabis Retail Chain For Sale

Port Alberni, British Columbia, Canada
Asking Price:
$250K - $500K (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$500K - $2.5M (CAD)

Two offer type possibilities:

1) The proposal is 250,000$ CAD for 35% ownership of Platinum Cannabis Retail formerly operating as Leaf Compassion Inc for the last 5 years. We have 3 municipally approved shops that in 2017-2018 did 7 figures of sales revenue.

2) The other proposal is for 375,000$ for 100% ownership of our municipally approved Port Alberni location which comes fully staffed, fully equipped, and is a turn key operation.

Each location comes with licensed and experienced staff. Port Alberni Platinum Cannabis (5069 Johnston Rd Port Alberni) and Salt Spring Platinum Cannabis (109 McPhillips Ave #105, Salt Spring Island) are fully renovated and are turn key operations. The renovations include full upgrades; new paint, new hardwood flooring, professional branding & displays, full size approved signage, complete monitored security systems (door contacts, window contacts, motion sensors, and glass break sensors), high definition night vision cameras, and physical barrier upgrades such as bolt locking reinforced doors. Our improvements like bright new lot lights and infrared night vision cameras also help raise the neighborhoods value and safety. However 9568 Chemainus road Platinum Cannabis retail requires signage and minor renovations as it was just municipally licensed in July 2020. We do have full branding, a monitored intruder and fire system, locking glass displays, POS system, multiple mac computers and Hik infrared night vision camera system in storage waiting to be installed.

I'm selling because 35% ownership is about 65% short of achieving my own goals. However,
this is a great opportunity for the right investor!

This is a serious proposal that will not be around long!

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Lease

Living Accommodation:

Chemainus location has a living residence included inside the building. It will not be rented out but used by the company / owners.

Location:

All 3 prime locations are located on the main entry / exit roads of each town. Highly visible with a ton of traffic with great branding!

Premises Details:

Secure, concrete and steel structures, no issues.

Business Operation

Expansion Potential:

Platinum Cannabis can operate up to 8 shops as allowed by licensing. Room to expand to 5 more shops!

Competition / Market:

Port Alberni has a 1km radius of no other cannabis retail shops allowed by the municipality.

Chemainus there are no licensed shops within 500m

Saltspring there are no licensed cannabis shops within 500m.

Reasons for selling:

35% ownership is about 65% short of achieving my goals.

Trading hours:

9am-11pm

Employees:
at peak operation we had over 40 employees
Years established:
5 years

Other Information

Support & training:

Each location comes with experienced and licensed staff who are amazing!

Furniture / Fixtures value:
$50,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Seller

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