Property Description
Listing #4945
Asking Price: $1,050,000 (Reduced from $1,400,000)
WeCann is thrilled to offer an exceptional opportunity to acquire a fully operational, turnkey cannabis retail storefront that has recently reduced its pricing by nearly 60% of the original listing price.
This established business has been successfully operating for six years, building a loyal customer base and benefiting from a high-traffic street that sees approximately 30,000 cars per day and 250+ transactions per day. At the newly improved price of $1,050,000, this opportunity is priced to move—offering substantial growth potential for an operator looking to scale revenue through expanded delivery services and strategic marketing.
Highlights:
Prime Location with Heavy Foot & Vehicle Traffic
- Strategically positioned off a central corridor with approximately 30,000 daily car count
- Strong walk-in customer flow with 250+ daily transactions
Significant Upside Potential
- 2024 Gross Revenue: $2,592,461 (without excise and sales tax)
- 0.41x Gross Revenue Multiplier—an exceptional value with room to grow
- Minimal deliveries being made—a huge opportunity to expand via delivery services
Long-Term Lease with Favorable Terms
- Approx. 800 SF retail space
- Monthly Rent: $7,000
Limited Competition in the Area
- Neighboring cities lack cannabis dispensaries or delivery services
- Maywood has approved only 5 retail licenses, with only 4 currently active
Meilad Rafiei – License# 01788589 – WeCann
Ryan Dowse – License# 02074994 – WeCann
