Business Overview
About the Company
**2 Dispensaries in New York City – Seeking Equity Partner**
**Locations:** Brooklyn, Manhattan
We are excited to offer a unique opportunity to partner with one of the most experienced and successful teams in the cannabis industry\. This team has secured two dispensary licenses in prime locations across New York City, leveraging over a decade of success in California’s cannabis market\. With a track record of generating $15M in annual sales across multiple locations, we are now bringing this expertise to NYC\.
**Equity Offering:**
We are seeking a strategic partner to acquire a 25% equity stake in three fully licensed dispensaries located in Brooklyn and Manhattan\.
**Investment Required:**
$2\.2 million for a 25% equity stake\. This investment will cover the build\-out costs, inventory, operational expenses, and security deposits for each location\.
**Investor Role:**
This is a passive investment opportunity, where investors will receive 25% of distributions and net proceeds upon the eventual sale of the dispensaries\.
**Progress & Timeline:**
**Brooklyn Location:** 50% built\-out, with a target operational launch date of February 1, 2024\.
**Manhattan Location:** Renovations will begin immediately following the Brooklyn launch, with a projected opening by mid\-2024\.
**Market Opportunity:**
These dispensaries are set to become early movers in NYC’s prime neighborhoods, with limited competition in these underserved markets\. This strategic positioning allows us to capture substantial market share early and build our brand in key locations\.
**Track Record:**
Our team has been an industry leader for over 10 years in California, with our dispensaries averaging $17M in annual revenue per location\. We bring this proven success to New York, with an experienced team ready to execute and scale\.
**Revenue Projections:**
**Manhattan:** Expected to generate $10\-12M annually by Year 2\.
**Brooklyn**: the locations is projected to achieve similar revenue performance levels\.
**Key Advantages:**
\*\*Early Market Entry: \*\*Positioning in NYC’s most sought\-after and underserved neighborhoods\.
**Experienced Team:** Proven track record of operating high\-volume dispensaries and successful scaling of cannabis businesses\.
**Growth Potential:** Substantial return potential in the rapidly expanding NYC cannabis market, with minimal competition\.
**Financial Structure:**
The $2\.2 million investment will cover the remaining build\-out costs, inventory, and operational expenses for all three dispensaries\.
**Support & Training:**
Our team has extensive experience in managing high\-volume dispensaries and operating the leading cannabis delivery service in the Bay Area\. We will provide the necessary infrastructure and operational support to ensure the success of each location in New York City\.
