Property ID : SB40.18
For Sale $350,000.00 - Retail
- This is a well known Hydroponic retail store and warehouse
- Located off of a well-traveled main city highway
- Currently supplying all and everything for the hydroponic growing industry
- Current location offers 3,800 sq. feet of retail and warehouse space
- Legalization of marijuana will accelerate sales immediately.
- 10 years in business with a very large client base
- Largest supplier in Western New York
- Ample parking and easy access
- Room to expand
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- FFE Included values around $20,000
Current lease for 3800 square feet of retail and warehouse space is $2,000 monthly with additional options negotiable
SALES AND SELLERS DISCRETIONARY EARNINGS:
REPORTED SALES 2018 $353,518 2019 $130,056 2020 $305,075
- The asking price of $350,000 includes $100,000 in new inventory, and $20,000 of used inventory.
- Financing is available to a qualified with $150,000 down.
Hydroponics is the hottest industry to be part of at this time. Currently there is nine states that have legalized Marijuana growing that includes Nevada, California, Colorado and, another proposed ten states in 2019 that includes New York State that will have legalized the possession and growing of Cannabis. The time is now to be the leader in the hydroponic growing industry. Opportunities include a large internet business and space to set up classes for growing.