17 Apr Operational Cannabis Retail Dispensary, Production & Manufacturing
Location: Santa Fe & North Central Region, New Mexico
Listing ID: Cannabis
An excellent opportunity to acquire a fully licensed cannabis retail, production, and manufacturing business! The company is located in the New Mexico tourist town of Madrid which is in Santa Fe County (Population +155k). It is well known for its eccentric artistic community, which includes galleries, restaurants, museums, and boarding houses. The facility that the licenses are held at is 640 SqFt, and the current owner is very involved in the business and is open to getting creative with the new owner. There are no debts or liabilities on the license, and the lease is in good standing.
The company has been operational since 2022 and has excellent traffic volume, resulting in increased visibility! The company advertises on Weedmaps, Instagram, Facebook, and their own Website, with an average rating of 5 stars on Google and Weedmaps!!!
This is a great location because it is directly in front of Road 14, a 54-mile long state road in northern New Mexico. The highway connects Albuquerque and Santa Fe and makes up the majority of the Turquoise Trail, a National Scenic Byway that also includes NM Route 536. This is a fantastic opportunity for someone looking to expand their footprint or business in the New Mexico Cannabis Market while also taking advantage of the nearby major markets, or for someone new to the industry!
Space: 640 Sq Ft
Established since: 2022
Building Purchased for $230K
Plus $30K in Improvements
Building Recently Appraised at $280K
Bills: Just the mortgage
2023 Gross Revenues: $450k
2023 Net Revenues: $50k
Licenses: Retail Storefront, Production, Manufacturing
Owner very involved in the business
Located in a tourist town!
Lots of traffic creating higher visibility!
Retail Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
Real Estate: (Included in Price)
Year Established: 2022
Type of Location: Retail & Production
Square Footage: 640