About This Opportunity
The Business
An adult-use retail dispensary operating under a New Jersey CRC Class 5 annual retail license, open since late 2025 and now with a full year of trading history. The store is fully built out and staffed with six employees, with CRC-standard security and access control installed and a complete Treez point-of-sale and compliance record that conveys with the sale. Customer counts have grown steadily from opening to a current average above 2,100 transactions per month, and gross margin has improved in every reported month of 2026.
The Market
New Jersey recreational cannabis sales reached approximately $1.118 billion in 2025, up 11.8% year over year, with more than 300 dispensaries operating statewide by May 2026. Only about a third of New Jersey municipalities permit cannabis retail at all, which keeps approved and operating locations genuinely scarce. Legal retail is estimated to capture only about 20% of total in-state demand — the balance still flows to unlicensed channels and neighboring states.
The Opportunity
This is priced as a license-and-margin acquisition rather than on trailing cash flow, and the seller has been transparent about that. Discounts are currently running near 36% of gross sales against an industry norm of 15% to 25% — applied almost uniformly across every product category, which makes it a pricing policy a new owner controls from day one rather than a demand problem. Occupancy cost is likewise well above benchmark, and a buyer who elects to acquire the building converts that expense into equity. Both levers are fully quantified in the confidential memorandum.
Why This Opportunity Stands Out
• Annual license already issued — no conditional-to-annual conversion risk, no municipal approval process, no buildout timeline and no opening ramp.
• Open and trading — twelve months of history, rising customer counts, and gross margin that improved in every reported month of 2026.
• A clear, quantified margin lever — the discount rate has never been actively managed, and every point recovered drops straight to the bottom line.
• Real estate optional — acquire the building at $3,800,000 and permanently control the premises the license is tied to, or continue leasing at the current rate.
• Seller financing available — the seller is flexible on structure and open to discussing terms with a qualified buyer.
• Diligence-ready — full point-of-sale history, a complete recast profit and loss model, and a detailed due diligence package are prepared and available after ND
Ad#:2553419
