Asking Price €1,250,000, Freehold
Largest & Most Established Grow Shop
Town Centre Location
The business is in full operation and comes with the freehold commercial premises. The business specialises in the cannabis sectors of growshop, headshop and cbd shop with the prestige of 20 years of operation, it is a very popular and well known operation on the island.
It is not only the most important store on the island within these sectors, but they also offer the sale of vaporizers and shishas. With an annual sales growth rate of above 12.5% this is an ideal time for new owners to further expand the operation. The business has an Important portfolio of clients and suppliers.
Included in the sale is an Inventory valued at more than € 180,000, and furniture valued at € 50,000, everything is in place to continue on the success already enjoyed by the current owners.
Located next to the only car park in the city of Ibiza and with direct access to it, the commercial space has more than 350m2 and three different entrances, the premises are made up of two different registered commercial properties, so it is easy to use one of the parts for another activity or for the expansion of the current one. The main entrance is in front of a landscaped square without vis a vis and there are ten linear meters of shop window above it. Less than a minute’s walk away is the busiest area of the port of Ibiza (the pier towards Formentera) and two four-star hotels. The neighbourhood is one of the most important commercial areas of the city with restaurants, bars, tobacconists, pharmacies, travel agencies, banks, clothing stores, sports, hairdressers, beauty salons, tourist shops, etc.
The business has different dependencies and two completely renovated bathrooms with new plumbing (toilet, sink, shower, thermos, etc). All municipal licenses are up to date, taxes and community paid, etc. The business is fully compliant with current regulations for electricity, disabled, fire etc. and has an alarm system.
Different forms of financing can be considered with the interested parties:
Option 1 Business + Freehold Premises, the price is € 1,250,000. It is a package that makes this offer unique on the island. Great opportunity to acquire a business that is comfortably consolidated and continues to expand.
Option 2 Freehold Premises, in the current real estate market, according to experts, these premises are worth more than € 1,000,000.
Option 3 Leasehold of the business for € 600,000 with a minimum 10-year contract.
Ibiza is one of the Balearic Islands, an archipelago of Spain in the Mediterranean Sea. It’s well known for the lively nightlife in Ibiza Town and Sant Antoni, where major European nightclubs have summer outposts. It’s also home to quiet villages, yoga retreats and beaches, from Platja d’en Bossa, lined with hotels, bars and shops, to quieter sandy coves backed by pine-clad hills found all around the coast.