Marijuana Retail Facility for sale in Somerset, , NJ 08873

For sale or partnership 

**Projected Revenue:**

- **First 12 months:** $5M with a 33% profit margin

- **12-24 months:** $7M with a 33% profit margin

**Project Costs:**

Building 

- $1.7M to purchase the building

- $400k for renovations

-  Lic price $900,000K 

**Key Features:**

1. **Population:**

   - Located in Franklin Township, Somerset, with a diverse population of around 68,000 to 70,000 residents.

   - The area includes a mix of students, families, working professionals, and retirees.

2. **Proximity to Educational Institutions:**

   - Close to Rutgers University, New Brunswick campus, attracting students and faculty.

   - Nearby Raritan Valley Community College, serving over 6,000 students.

3. **Age Demographics:**

   - 18-24: College students and young professionals.

   - 25-34: Recent graduates and working professionals.

   - 35-54: Established professionals, families, and homeowners.

   - 55+: Older residents potentially interested in medicinal cannabis.

4. **Traffic Flow:**

   - Hamilton Street: 10,000 to 15,000 vehicles per day.

   - Franklin Boulevard: 10,000 to 12,000 vehicles per day.

   - High visibility and convenience for local businesses, including the cannabis retail store.

5. **Nearby Amenities:**

   - Close proximity to a gas station, attracting significant foot and vehicle traffic.

6. **Ideal Dispensary Location:**

   - Proximity to educational institutions, gas station, and main roads ensures a steady flow of diverse customers.

   - Supports a broad range of needs and preferences for a cannabis retail store.

7. **Local Environment:**

   - Situated within Franklin Township, offering a variety of amenities, educational institutions, and commercial areas.

   - Vibrant community with diverse demographics.