Cannabis Retail Storefront for sale in Seattle, WA 98908

The business available for sale is a privately owned cannabis retail shop in Seattle, Washington. The store is licensed with the State of Washington, City of Seattle and is a medically endorsed dispensary. The award-winning staff serves their customers with exceptional knowledge of the products and top tier customer service. It offers one of the deepest and most competitively priced selections of clean, pesticide-free cannabis products in the Pacific Northwest. This store is well known throughout the state for having an exceptionally curated product selection. The brand has been built upon an honest and simple concept: people helping people. With its thoughtfully designed and comfortable space and its team of well trained and dedicated experts, this store is known for creating an elevated shopping experience that shows in its customer loyalty. The business is perfectly suited to a buyer that is interested in taking the model and expanding to other locations.

The business is being offered for $3,750,000. The store typically holds about 30 days of inventory, roughly $150,000 -$175,000 in wholesale value, on hand, which will be included in the sale. In addition, there is an ATM machine on the premises that is included with the sale.  

The original lease was signed in 2016 for a term of 5 years with three 5 year options.  The lease is a NNN lease with a base rent scheduled annually with base rates increasing 3% annually. The first extension option was agreed to, starting March 1, 2021. The initial base rate of the extension is $14,500 per month, which increases by 3% annually on March 1 of each subsequent year. Base rent starting March 2024 will be $15,845.