Listing ID : 425353
Posted on December 8, 2023 2
Great opportunity to acquire a flagship fully operational cannabis dispensary in Fort Bragg, CA (Population 40k) that has been established since 2020! The owner has put in over $600k in TIs & buildout at this location. Last year the business generated $1.2M in gross revenues, and is asking $749k putting it at a .6X Gross Multiple! There is also an option to purchase the Real Estate for an additional price on top of the asking price of the business.
This is a great opportunity for someone who is looking to target a limited license market, an operator looking to expand their footprint into a strategic location or someone who is looking to enter the industry into a fully turnkey semi-autopilot business.
California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state provisional license.
2021 Gross: $1.4M
2022 Gross: $1.2M
Space: 2,178 SqFt
Rent: $5k/Month w/ 3% Yearly Increases
Lease: 3 YR w/ (3) 5YR Options
Assigned Parking: 2 Designated & Street Parking
High End Security System Included in Sale
Option to Purchase RE for Additional Price
Recreational & Medicinal
Provisional State License in Hand
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.
Asking Price: $749k (Seller Open to Offers w/ Half Down!!!)
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
Tom Milks, DRE CA LIC# 02064305
If you have any questions call Tom (619) 972-5952
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
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