Listing ID : 425254
Posted on December 8, 2023 1
Rare opportunity to acquire a Cannabis Retail and Delivery business in a limited license market! The business is located in the City of Denair, Pop +4k, which is in Stanislaus County, Pop +552k. This business stands on a 850 SqFt facility that is fully compliant, the current owner has the Annual license in hand from the Department of Cannabis Control, representing a greater value! The company has been operational since 2017 and has excellent street access in and out, plenty of parking and the current owner is using the office space next door making this a great destination shop for anyone looking to expand their retail and delivery footprint.
The current owner has a month to month lease in place with a monthly rent of only $3k/month. The company advertises on WeedMaps, Twitter and Facebook, they also have more than two hundred reviews on Google and WeedMaps!!! The retail and delivery outlets generated $2M in Gross Revenues in 2022. The company is not limited to making deliveries in Denair, it can make deliveries anywhere in California that is logistically possible. The ease of home delivery provides the convenience that many consumers and patients value while also providing the benefit of high-quality cannabis products. This is a great opportunity for someone who is looking to expand their footprint in the Denair Market, while also taking advantage of the very nearby major markets, a multi-state operator looking to target a clean canvas or someone who is looking to enter the industry.
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.
Space: 850 SqFt
Lease: Currently on a month to month (LL ready to execute a lease)
License Types: Retail Storefront, Non-Storefront Delivery
State License Type: Annual (Most Preferred)
Use: Recreational & Medicinal
2022 Gross Revenues: Approx $2M
Wholesale Inventory: $75k
Using office space next door
Located in a limited license market!
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.
Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.
Asking Price: $ 1,499,000.00 (Seller Open to Offers)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Elliot Cardenas, DRE LIC CA #02138336
If you have any questions call Elliot (619) 770-2699
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
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