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Businesses For Sale   >>   Denver Businesses For Sale   

MMJ-Centric IT Company For Sale

Location  Denver, Colorado, United States
Asking Price Range  < $250K
Gross Revenues  $100000
Net Profit / Cash Flow  $30000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2009
Number of Employees  1 - 3
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  Will offer contract to help for 6-12 months.
Reason for Sale  I'm ready for a new venture.

Description  
Greetings all. Do you think you missed your opportunity to capture the MMJ market in Colorado until next July? Well I may have a business opportunity that you would like to pursue. As mentioned, my business is a MMJ-centric business for sale, but no licensing, background checks, or state filing is needed for to run my business. I don't ''physically'' deal with the medicines. -I have been running my business since last December (2009; registered in CO; sales tax certs, etc), and since then, I have sold to and retained 15 customers (6 on S Broadway in Denver, alone!). -Revenue to date is skirting $100K for the year with GP Margins around 20-30 points. -Current Realized Reoccurring Revenue Stream is $250/mo with another $825/mo or so still to be realized from current customer base. So why sell the intellectual rights and company? Well, I'm not married to it, and I believe the company is at a point where either I need to retain investors to help it grow, or I just need to let it go to someone that has the means that can grow it more than where it is today. I'm guessing if I had more time/money/people this year that I could have easily doubled my revenue. The numbers you see above came solely from one person (me). The business is IT intensive, but can be run by anyone with good contractors and management skills. With all new rules and regulations being forced on MMC's through SB1284 and the Colorado Department of Revenue, my business forecast for next year (with current model; just me) is $200K. That would be tripling my current customer base. Please let me know if you are interested or have any questions; I would entertain any reasonable offer - Joe. Please e-mail or contact for more information.


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