A unique opportunity awaits in McKinleyville, California, with the availability of a versatile three-unit, 5,200-square-foot building tailored for a thriving Dispensary and Distribution business. This property, priced at $550,000, offers substantial value, incorporating not only the physical space but also the essential operational components required for success in the cannabis industry.

Situated in McKinleyville, a rapidly expanding residential area in Humboldt County, home to over 15,000 residents, the building is divided into three functional units. Unit One features 1,500 square feet dedicated to Distribution operations. Adjacent to it, Unit Two houses the Dispensary, strategically placed to maximize operational efficiency. The third unit is permitted for a Consumption Lounge, providing a unique space for customers to enjoy products on-site. The Dispensary is one of only two in McKinleyville, ensuring limited competition and a strong customer base. The area’s residential growth further enhances the business’s potential, catering to an increasing population. The Dispensary boasts a robust customer flow, serving over 100 patrons daily, every day of the week. Established in March 2018, the business has built a solid reputation and customer loyalty over the years. Despite the fluctuating cannabis market and economic conditions, the business has maintained stability over the years. Projected sales for 2024 are set to surpass those of 2022, indicating a positive growth trend and resilience in the market.

The purchase price includes a comprehensive package essential for seamless operations. This encompasses retail and distribution licenses, ensuring legal compliance and operational continuity. All existing stock is included, allowing for immediate business continuity post-purchase. A robust security system is in place, ensuring the safety and security of the premises and inventory. The sale also includes experienced and dedicated staff members who are integral to daily operations, as well as all enhancements made to the property, contributing to a functional and appealing business environment. Additionally, there is an option to purchase the real estate, providing long-term security and investment potential. The building is securely leased, offering stability for the new owner. The purchase price of $550,000 presents a competitive and valuable investment in a burgeoning market. This Dispensary and Distribution business in McKinleyville, California, represents a rare and lucrative opportunity for investors and entrepreneurs in the cannabis industry. With a prime location, established customer base, and comprehensive operational package, this business is poised for continued growth.

Revenues: 

2018: $1,393,00
2019: $2,621,000 
2020: $3,135,000
2021: $2,985,000
2022: $2,036,000
2023: $1,715,000
2024: $588,761 Q1 Only
Details:

Space: 5,200 Sq Ft (1,500 Sq Ft Distribution)
Rent: $0.80 per Sq Ft
Lease Terms: New Lease Will Be Issued
Real Estate Value: $550k
Permitted for Consumption Lounge (Not in Use)
Licenses:

(Annual) Commercial – Retailer Adult-Use and Medicinal
(Annual) Commercial – Distributor Adult-Use and Medicinal
 

Asking Price: $725,000.00 (Seller Financing Available)

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

Email: tom@glbgroupinc.com   

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.