Unique opportunity to acquire a budding independent cannabis shop located in Winnipeg, Manitoba. This age-restricted and licensed retailer is a leader in the industry, offering high-quality products and exceptional service in both the medical and recreational space. Situated at a prime location in the city, the presence of the business is amplified by highly visible and well-placed signage maximizing its visibility to prospective customers. This specific business has already distinguished itself from many competitors by offering a wide and varied menu of products that are priced fairly, and backed by its professional and knowledgeable staff.
An extensive, specially curated selection has been carefully chosen by the current owner to appeal to as wide a demographic as possible, backed by sales history and extensive industry knowledge. Special consideration has been given to the products made available to effectively navigate the balance between price points that are most appealing while still offering the highest quality selection.
Revenue is generated from the sale of various products, including cannabis, edibles, concentrates, nicotine vapes, and many more. The product line is expanding soon to include beverages and other items that would appeal to customers already visiting the stores, while potentially attracting new ones.
This business is known for its top-notch customer service, and staff membrers use their expertise to guide customers through the process of selecting the products that are best for them, resulting in a large number of repeat customers. New customers are drawn to the business owing to excellent word-of-mouth recommendations from existing customers, as well as being drawn to the business naturally from its location and the type of products available.
The offering price for this business opportunity is $430,000, which includes approximately 99k in inventory. Average annual revenue is $794,000 and annual cash flow is $163,000.
Contact OConnor Business Brokers today to learn more about this amazing and unique business opportunity in a new and exciting industry that is constantly evolving and growing.
