High-Growth Hemp Dispensary, Revenue +78% YoY, Lake County IN

Not a typical Main Street business. Revenue grew 78% year over year in Q3 2026 and 97% in September, a record $70,282 month, after four straight quarters of double-digit sequential growth (+16%, +14%, +14%, +18%). The store has posted 12 consecutive months of positive EBITDA, and its EBITDA margin rose every quarter, from 6% to 29%. Q3 2026 EBITDA was 8.2x the same quarter of 2025. At $795,000, the price is 6.0x trailing SDE and 3.4x Q3 2026 SDE annualized. The store ran a 64% gross margin in September (63% in Q3 2026, 61% TTM), on a lease through January 2030 with a five-year option and rent about 3% of trailing revenue. It has a 4.8-star Google profile from 153 reviews, with 7,710 profile views and 398 direction requests in September, and served 735 identified buyers that month, in aggregate. It runs on Cova POS with a modern e-commerce storefront and a trained staff. One of the owners leads the store day to day and draws no salary; SDE is stated for an owner-operator, so an absentee buyer should budget for a manager. The seller provides 30 to 60 days of transition support. TTM SDE $132,629 (add-backs of $5,606, documented; $1,182 of owner travel subject to verification); TTM EBITDA $127,024; Q3 2026 SDE $58,228 ($232,911 annualized); owner-prepared, unaudited. Under federal law as enacted, substantially all current sales are hemp-derived THC products that will not qualify as hemp after Dec 11, 2026 (some from Nov 12) unless a postponement is enacted; buyers should evaluate the regulatory outlook, and the earnout shares that upside. Asset sale; the seller operates and keeps all revenue and cash until closing. Price is $795,000 ($595,000 at closing plus up to $200,000 earnout); FF&E is included and compliant inventory is sold at cost at closing. The buyer assumes the lease, with release of the guarantor requested. The confidential information memorandum and data room are released to qualified buyers after a short NDA. The storefront, age-verification and e-commerce technology is available to license separately from Greenridge Technologies.

Highlights

• Revenue +78% year over year in Q3 2026; September +97%, a record month
• Four straight quarters of double-digit growth: +16%, +14%, +14%, +18% quarter over quarter
• 12 consecutive months of positive EBITDA; profitable every month of 2026
• EBITDA margin up every quarter, from 6% to 29%; Q3 EBITDA 8.2x year over year
• About $1,602/mo all-in rent, lease through Jan 2030 plus a 5-year option

Storefront technology available separately →

About this opportunity

Delta Brokers represents this retail business in Lake County, IN. Financial figures are owner-reported and unaudited; qualified buyers should conduct independent due diligence. To learn more, send an inquiry and a partner will follow up promptly.

Regulatory and diligence notes

• Financials are owner-prepared and unaudited.
• Delta Brokers' principals own about 68% of the seller. Delta Brokers will not represent any buyer in this transaction.
• The lease assignment requires landlord consent, which may not be unreasonably withheld.
• A full disclosure schedule is provided to qualified buyers under NDA before any letter of intent.