Tupelo Data Room
Food & Related products, Other Restaurants & Food, Health Food & Nutrition
Active

NJ’s Premier Cannabis Retail + Lounge Opportunity

Monmouth County, New Jersey, United States
listing image
Asking Price-
Revenue$212k
EBITDA$133k
Cash Flow-
Description
This thriving women-owned dispensary occupies the only cannabis-legal municipality in an affluent New Jersey shore community, enjoying zero local competition. The business has demonstrated strong early traction with $211K revenue in just 8 months (64.5% gross margins) and a clear path to $4M+ annual revenue at maturity. The turnkey operation includes pre-qualification for the area's first consumption lounge license - a rare competitive moat in this growing market. Strategic expansion plans include: a 5,000 sq ft lounge buildout ($3M projected cost), delivery services rollout, and acquisition of underperforming stores to scale the proven brand. Located in a high-foot-traffic downtown corridor surrounded by restaurants and entertainment venues, the business serves premium demographics with average customer spends of $200. This is a unique opportunity to acquire a scalable cannabis operation with first-mover advantages in one of New Jersey's wealthiest markets. The business offers multiple near-term revenue streams including lounge memberships, events, and expanded retail. Ownership will provide training and transition support.
Number of EmployeesFull-Time: 9
Year Established
2021
Reason Selling
Raise $3M for buildout (including real estate purchase and renovations) to create NJ’s only cannabis lounge. Minority stakes (e.g., 10% for board seat) with original owners retaining 51% ownership.
Market & Competition
Demographics: Serves affluent 20–70-year-olds (60% male, 40% female) in NJ shore towns. Differentiators: Prime location, expandable brand, and exclusive consumption lounge rights. Marketing: Social media, eCommerce, and targeted local campaigns. Competitive Moats: Regulatory barriers and first-mover advantage in lounge licensing.
Growth Opportunities
Consumption Lounge: $3M buildout (including real estate purchase and renovations) to create NJ’s only cannabis lounge. Delivery Services: Planned rollout within 2 years to capture suburban demand. Acquisition Strategy: Target struggling dispensaries to expand footprint and revenue ($60M–$100M long-term goal).
Asking Price-