We are very excited to present this opportunity to acquire an operational, CAURD-licensed dispensary located in the heart of downtown Peekskill, NY, a thriving Westchester County community known for its strong support of local businesses and vibrant cultural scene. The dispensary opened in August 2024 and already benefits from consistent foot traffic, convenient public parking, and a built-in community following through its popular events. With a favorable lease, additional income from an upstairs event space, and pro forma 2025 revenues projected at nearly $3 million, the business is well-positioned for immediate cash flow and significant upside through expanded delivery, event programming, and future lounge regulations.

Property & Business Overview

Fully operational CAURD-licensed dispensary, opened August 2024
“Mom & Pop” style retailer – strong alignment with local culture and community values
1,000 SF retail space on the first floor
An additional 1,000 SF second floor used as event space

Rent & Location Benefits

Rent for dispensary space: $2,700/month
Rent for upstairs event space: $2,000/month
Total Rent: $4,700/month
Convenient parking: street parking plus a public garage directly across the street
Downtown location: amidst retailers, restaurants, and banks, high visibility & foot traffic

Events, Upside & Regulatory Potential

Already hosting popular community events: poker nights, yoga, and more…
Event space across the street has been used by Seller for larger events and is available for future events
Once New York finalizes cannabis lounge regulations, this location is ideally suited for on-site consumption and entertainment

Financial Projections

Metric	2025 Pro Forma Estimate
Gross Revenue	~$2,959,816
EBITDA	~$316,070

Key Investment Highlights

Operational dispensary with immediate cash flow
Rental income from event space offsets fixed costs
Positioned for future consumption lounge regulations
Pro forma financials demonstrate attractive returns
Significant upside via expanded delivery & events

Market & Demographics

Within a 10-minute drive: ≈ 92,000 people, average household income ≈ $136,250
One of 3 operational dispensaries in Peekskill.
Located in a city that embraces small, local businesses — “mom & pops” resonate strongly
Surrounded by complementary businesses (restaurants, retail, banks) driving foot traffic
Westchester County market has limited dispensary competition under CAURD structure

Deal Terms

Asking Price: $2.9 million
Approx. 0.98× pro forma gross revenue multiple.
Includes fixtures, CAURD license, and existing event leases/contracts
Excludes working capital/inventory (negotiable)

Why This Is A Great Opportunity

Downtown location with excellent visibility and parking
Strong demographics with high income households nearby
Dual revenue streams: dispensary + event venue
Positioned to capitalize on future regulatory shifts
Community-driven business model with growth upside
Steady increase in revenue, with additional upside in expanding delivery, and eventually a lounge

Meilad Rafiei – License# 01788589 – WeCann