Expanding Horizons in Southern Colorado: Fully Licensed Dispensary Opportunities
Canna Daily News presents an exceptional investment opportunity—a firesale of three fully licensed dispensaries strategically positioned along bustling corridors in Southern Colorado. These dispensaries, which cater to both recreational and medical cannabis consumers, come complete with real estate, top-tier equipment, and active licenses. Founded over a decade ago, these establishments have cultivated a robust brand presence with strong community ties, attracting over 27,000 annual patrons. Beyond cannabis sales, each location features additional revenue streams such as a CBD and pipe shop, a garden supply store, and convenient ATM services. Interested buyers have the option to acquire these assets collectively or separately.
Investment Rationale and Financial Insights
In the fiscal year of 2023, the combined gross sales of these dispensaries amounted to $993,372. Between January and October 2024, these sales reached $662,455, with the total visitor count at 27,218 for the same period. The asking price for this comprehensive package, which includes all licenses, real estate, and equipment, is valued at $1.2 million. Notably, these dispensaries offer turnkey operations with a legacy of brand equity and high foot traffic. Ownership of the cannabis-zoned properties circumvents the potential pitfalls of lease agreements. The dispensaries boast a loyal clientele built over a decade of operations in the area. Diverse revenue channels—such as CBD products and garden supplies—enhance profitability prospects. With these locations now under new management following the founder’s 2024 departure, there lies significant potential for revitalization and expansion. State licenses are fully transferable, offering a seamless transition for new owners.
A Deeper Dive into Each Licensed Dispensary
The first location is a haven for recreational cannabis consumers. In 2023, it achieved gross sales of $255,377, increasing to $218,768 for the first ten months of 2024, welcoming 10,980 visitors. This 1,100 square foot facility includes a commercial kitchen, promising rental income potential of $36,000 per annum. Essential fixtures, furnishings, and equipment include a POS system, security infrastructure, display cases, refrigerators, an ATM, and office furnishings. The second dispensary, also focused on recreational cannabis, reported impressive sales of $540,903 in 2023 and $216,604 for 2024 up to October, with 9,183 visits recorded. Equipped with a security system and all necessary retail fixtures, this location comes fully integrated with a point-of-sale system and ATM. The third dispensary is one of just two licensed medical cannabis outlets in Alamosa County. As of October 2024, it posted sales of $277,082, surpassing its 2023 total of $197,092 with 7,055 visits. Its vast premises—stretching over 20,000 square feet—include three storefronts, three warehouses on four acres, and a commercial well, with a rental revenue potential of $60,000. The location is outfitted with a full range of infrastructure suitable for seamless operation.
An Invitation for Market Pioneers
This unique investment opportunity offers entrepreneurs and multi-state operators (MSOs) a rare chance to enter or amplify their presence in the dynamic Colorado cannabis market. The asset package, inclusive of all licenses, real estate, and equipment, stands as a lucrative proposition for serious investors. Enquiries for investor summaries and valuations can be directed to 420Firesale. #CannabisInvestment #ColoradoCannabis #DispensaryForSale #CannabisBusiness #CannabisOpportunities