Established Cannabis Retail Business with Multi-Location Expansion Rights
This prime cannabis retail opportunity offers an established operation with exceptional growth potential in Victoria's thriving market. Founded in 2016, this business combines a strategic high-traffic location with valuable licensing rights for significant expansion opportunities.
Key Financial Metrics:
- Annual Revenue: $470,000
- Asking Price: $580,000
- Monthly Lease: $2,700 for 1,300 sq ft retail space
- Historical peak performance: $80,000+ monthly sales pre-legalization
- Established customer base with documented revenue history
Prime Location Benefits:
- High-visibility position on Victoria-Saanich border
- No direct cannabis competitors in immediate area
- Adjacent to busy 7/11 convenience store ensuring consistent foot traffic
- Convenient customer parking available
- Accommodating lease terms supporting business operations
Expansion Opportunity:
- Licensed for up to 8 retail locations throughout British Columbia
- Significant scaling potential with 7 additional store licenses available
- Established operational framework ready for multi-location deployment
- Strong foundation for provincial market penetration
Growth Strategies:
- Multi-location expansion using existing licensing rights
- Enhanced marketing and branding initiatives
- Product line diversification opportunities
- Online sales channel development
- Strategic partnerships and collaborations
- Improved operational consistency and customer service
Current Situation:
- Business experiencing temporary profitability challenges due to operational inconsistencies
- Owner retiring after successful six-year tenure
- Strong customer base and sales foundation intact
- Immediate opportunity to restore historical profitability through improved management
Comprehensive Training Support:
Seller provides 30 days of hands-on training covering operations, inventory management, BC cannabis regulatory compliance, and customer service protocols to ensure successful transition and operational excellence.
Flexible Purchase Terms:
Motivated seller offers traditional acquisition or alternative financing with $80,000 initial deposit option for qualified buyers.
This represents a rare opportunity to acquire an established cannabis retail business with proven market demand, prime location advantages, and exceptional expansion potential through valuable multi-location licensing rights in British Columbia's growing cannabis market.
Ad#:2409940
