Business For Sale
Title: 3 Franchised Medical Cannabis Health Centers for sale
Category: Medical Related Biz / Medical MD Practice
County: Broward
City: Fort Lauderdale
Zip/Postal Code: 33301
State/Prov: Florida
Country: United States
SIC Code: 8111
Status - Prospect
Listed Price $420,000
Down Payment $315,000
Discretionary Earnings $99,636
Revenue $459,601
Total Assets Included $191,000
Real Estate Included in Price - No
Medical Cannabis Stores
Business Description
3 Franchised stores of a premier medical cannabis health center, assisting Florida residents in search of alternative pathways for healthier living. The business assists its patients throughout the entire process; from the moment a patient walks through the clinics doors to the moment they receive their certifications for medical cannabis and beyond. The franchise sells CBD products and recently got approved to sell Delta 8 THC products which should help increase the revenues. The business has experienced a strong growth since inception with 1,000 patients served. Medical marijuana has become a very effective product to cure several health conditions and has gained important traction. The three stores have excellent reviews by customers.
Facilities/Location/Real Estate
There are 3 stores:
1) Davie 875 SQF $3,690 rent 5 year option;
2) Fort Lauderdale 1,200 SQF $4,478 rent 5 years option and
3) Hollywood 1,100 SQF 3,480 rent 5 years option.
Historical Financial Summary
Data Source - Owners Estimate
Year (Cash Flow) - 2020
Growth Revenue - $459,601
Cost of Goods - $12,969
Gross Profit - $446,632
Expenses - $346,996
Net - $99,636
Benefits - $0
Owner Benefit - $99,636
Operations
Year Established - 2019
Year Owned - 2019
Form of Ownership - Corp Sub S
Absentee Owner - No
Hours Owner Works - 40
Days & Hours - Monday through Saturday (10am - 6pm)
Location
Type of Location - Commercial
Square Footage - 6865
Lease/Month - $11,648
Lease Expires - 06/30/2024
Terms & Options - 1 x 5 year option
Relocatable - No
Home Based - No
Franchise - Yes
Assets/Liabilities Comments
All stores are fully equipped with furniture and equipment according to franchise standards. The environment is very nice.
Competition
There are not many serious companies offering this type of services related to medical marijuana. When it comes to health , it is important to show the support of a serious and successful franchise. For these reasons.
Potential for Grownth
The stores were established approximately one year ago and the growth have been strong. Medical marijuana has become a great solution for several health conditions and the growth of the stores will be supported by the gain of popularity of these products. The reason approval to sale Delta 8 THC gives the franchise a huge potential to generate additional revenues,