District of CBD Art and Wellness Gallery

Washington, DC (District of Columbia County)

District of CBD Art and Wellness Gallery
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Asking Price: $30,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $1,000

Rent: $0.21 /Month

Established: 2018

District of CBD Art and Wellness Gallery

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Business Description

Art and Wellness Gallery in Downtown DC

Turnkey business ready to transfer and open to public.

Perfect location 1.5 miles north of the US Capitol on a very heavy trafficked road.

Art gallery with local DC artists fill the walls of this 800sq ft rectangle location. Complete renovation.

Display cases for CBD, Kratom, and Kava products along with smoke shop related accessories.

Business built out and ready to open. DCRA permits finalizing in December. It can be open by Jan 1st.

Online assets: Instagram, Facebook, Yelp, Google, and Web. 5 star ratings and excellent following. SEO’d E-Commerce website will be published as part of deal. Almost completed.

Lease is 5 years but with a 2 month exit, standard increases yearly.

Comcast Cloud Security system installed with 5 cameras inside and out. ADT alarm installed with panic button behind counter. Comcast internet, video and phone installed.

New owner will need to staff or they can manage individually.

Will align new owner with cured supply chains and vendor relationships including ones from Southeast Asia for Kratom and China for packaging.

Zero debt.

All art is on consignment with contracts between each artist. Flexible contract can be terminated at any time without penalty. All paperwork and template assets will be provided during ownership transfer.

Eckington is an upincoming area with overhaul and growth. The store is across the street from a Michelin rated amazing restaurant that already has a relationship established (they have our business cards and we have theirs for 10% off)

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
800
Lease Expiration:
10/1/2023
Employees:
0
Facilities:
800 sq ft with 3k worth of display cases. 1k worth of sample products for opening. IPAD and register tills.
Competition:
Not many stores selling CBD yet. The ones that are, are also selling THC as well, which we expect may not stay open long.
Growth & Expansion:
Retail location supports patio and tables/chairs in front during summer.
Support & Training:
Willing to step you through POS system and paperwork.
Reason for Selling:
New opportunity came up with no time to devote and owners willing to sell quick.
Business Website:
http://www.DistrictofCBD.com
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Business Listed By:
Scott Williams

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