Listing ID : 425402
Posted on December 8, 2023 1
Don’t miss this lucrative opportunity to invest in a fully operational, vertically integrated cannabis business in Santa Ana, CA, a city boasting a population over 309k! This enterprise presents a unique and profitable venture in the thriving cannabis industry. The current owners operate a bustling dispensary, occupying an expansive 2k square foot space at the front of the premises. The entire setup, including cultivation, manufacturing, distribution, and even a potential consumption lounge, is fully built-out and operational. Uniquely, the property owner offers flexibility in leasing options, providing the opportunity to rent just the front unit for the dispensary and potentially wall off the back section.
In terms of financial performance, the business demonstrates robust revenues, generating impressive gross income of $8.3M with a net income of $2M in 2022. The revenue trend continues into 2023, with a projected gross revenue of $5.9M and anticipated net income of $1.5M. Adding to the appeal of this venture is the rising popularity of cannabis smoking lounges. Similar to traditional bars but for cannabis products like flowers, joints, and edibles, these lounges offer a space for socializing and consumption for those of legal age. With the city now permitting consumption lounges and events, the owners have strategically left the back portion of the property open for the new operator to utilize as they see fit, offering significant potential for expansion and diversification in this booming industry. In summary, this is a truly exceptional opportunity to acquire a high-revenue, vertically integrated cannabis operation in an increasingly popular sector, offering immense potential for further growth.
Retail Space: 2k SqFt
Building Space: 11,000 SqFt
2022 Gross Revenues: $8.3M
2022 Net Income: $2,013,901
2023 Gross Revenues: Jan-Sept $4,310,949 (On Pace to do $5.9M)
2023 Net Income (On Pace to do $1.5M)
Plenty of Parking
Owners Own the Real Estate
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, cannabis and cannabis products as part of a retail sale.
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.
Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.
Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
Cultivation: Growing Cannabis
Consumption Lounge- THE NEXT BIG THING IN THE CANNABIS INDUSTRY, you can open up a marijuana lounge. The move gives visitors a place to smoke or eat edibles, since many hotels and rental properties don’t allow for smoking. Similar to alcohol, cannabis can’t be consumed in public places
Asking Price: $5,500,000.00 (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
Drew Mathews, DRE LIC CA# 02091143
If you have any questions Call Drew at (619) 653-0483
Or Email : firstname.lastname@example.org
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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