Listing ID : 425532
Posted on December 8, 2023 3
Portfolio of high revenue producing and successful pair of cannabis dispensaries are now for sale in the thriving Northern California market. These establishments have demonstrated remarkable growth and resilience, generating over $29.8M in gross sales in 2022, and on pace to achieve $33.5M in gross sales and $6M in net profit this year. The flagship dispensary, has cemented its status as a cornerstone of the local community for over 5 years. The newer dispensary, opened in 2021, has quickly solidified its position in the market. Both dispensaries are situated in prime locations, ensuring a steady flow of clientele and revenue. Standout performers within the industry, these businesses have consistently demonstrated strong numbers, outperforming a considerable portion of the industry. The sale includes the added advantage of real estate ownership or long-term leases, providing the buyer with valuable assets and control over their business environment. This is a rare opportunity to acquire a thriving pair of dispensaries in a booming industry. With their impressive growth rate, prime locations, and robust financial performance, these businesses represent a remarkable investment opportunity. Seize the chance to lead the cannabis industry with this formidable duo and establish or expand your presence.
Do You know of any dispensaries in California that are doing better numbers in 2023 vs 2022? Both topline and Net have increased Year over Year.
2022 Gross Sales: $29.8M
2022 Net Profit: $4.5M
2023 Jan-Oct Gross Sales: $28.3.1M (On Pace to do $33.5M)
2023 Jan-Oct Net Profit: $5M (On Pace to do $6M)
Launched in 2018, this gem of a business is located in a bustling downtown area that boasts on-site parking – a convenience that is as rare as it is appreciated. Perfectly positioned on the main artery piercing the heart of downtown, it stands as a beacon for those seeking quality products and convenience. The dispensary has successfully cultivated a fiercely loyal customer base comprised of locals and college students alike. As the unrivaled market share leader in town, this dispensary has etched its name as a keystone in the community, serving faithfully and leading ambitiously. Truly, it is not just a business, but a thriving landmark in the town.
Space: 935 SqFt
Rent: Market Rate TBD
Parking Spaces: 7
Wholesale Inventory 1/1-9/13: $377k
Assets Included- C10 License, Inventory, Supplies, Computers, Printers, Office Furniture, POS Stations, Safes, CCTV Security System
Location #2 :
In 2021, this dispensary with self-distribution was established, nestled in the bustling Highway Commercial zone off an Interstate. The dispensary is between the vivacious cities of Sacramento and San Francisco. The dispensary is visible from the Interstate, and it’s strategic location is nothing short of spectacular, with over 150,000 vehicles zooming past each day! Convenience plays a huge role due to the accessibility of the dispensary being a breeze, with a freeway exit that leads directly to its doors. Its impressive neighbors include giants like Walmart and Starbucks, making it a part of a vibrant commercial hub. The location’s easy freeway access is not just a convenience, it is a lifeline for the busy commuters, who find solace in its easy accessibility amidst their hectic routines. The dispensary is a beacon of comfort and quality, a gem in the commercial crown off the Interstate.
Space: 2,800 SqFt
Rent: Market Rate TBD
Parking Spaces: 49
Wholesale Inventory 1/1-9/13: $779k
Assets Included- C10 License, C11 License, Inventory, Supplies, Computers, Printers, Office Furniture, POS Stations, Safes, CCTV Security System
Retail Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
Delivery: Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Asking Price: $24M (Sellers Open to Offers)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE LIC CA# 02091143
If you have any questions Call Drew (619) 653-0483
Or Email : email@example.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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