CannaMLS ID: 260073
Created | Updated
Price
$ 2,200,000
Seller financing available
One of the premier retail operators in the state with brand recognition, curb appeal, and class A real estate locations. Stores all have custom designed interio
Stock image generated by CannaMLS. Request listing photos from seller.
Address: various
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Agriculture, Industrial, Retail
Purchase price: $ 3,000,000
Lot size (acres): 10
Building size (sq ft): 8,000
One of the premier retail operators in the state with brand recognition, curb appeal, and class A real estate locations. Stores all have custom designed interiors, 35k+ traffic counts, adequate parking to support patient growth and freestanding buildings which range from 1,650 sf. to 3,200 sf. The two Tulsa locations, which opened late Q4 2019, had 2020 revenue of $3.2M and $2.0M. The OKC metro stores opened Q2 and Q3 2020 with annualized revenues of $1M & $850k. The store in the Tulsa suburbs opened 2/1/21 and is currently doing $80k/month. Stores are supported by 8,000 sf. processing center in OKC, which includes a certified extraction lab and state of the art edibles kitchen with automated high volume gummy, hard candy, and chocolate equipment. The kitchen and lab came online in May 2021. Over 15 active brands with more under development. In-house products include: flower, pre-rolls, infused pre-rolls, cartridges, dabs, tinctures, gummies, savories, chocolates, and hard candies. We currently produce 63% of the products sold in our stores. The current processor has been built to support 10+ retail locations. Price includes all equipment, fixtures, and inventory. Open to breaking-up the licenses and locations, strategic partnerships, out-right sale, or stock/cash purchase. If desired, CEO at will remain active with company for a period of 6 months.
All leases are 5 year term with two additional 5 year options.
Stock image generated by CannaMLS. Request listing photos from seller.
Address: various
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Agriculture, Industrial, Retail
Purchase price: $ 3,000,000
Lot size (acres): 10
Building size (sq ft): 8,000