Posted on March 18, 2022 / 97Listing ID: 368174APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $17,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (858) 245-6324

Amazing opportunity to acquire a Turn-Key Retail Storefront and Delivery Business in California’s most desired market San Diego County! The business is located in La Mesa with 60K+ residents and the county being the states 2nd most populous county, with nearly 3.3 million residents. The retail has great visibility from all directions of traffic flow. The retail is located near the freeway, on a highly populated mixed use section of La Mesa, making it a highly desirable location for retail & delivery.

The Business is not limited to making deliveries just in San Diego County, one can make deliveries as far as logistically possibly within the State of California. The simplicity of home delivery provides the convenience that many consumers and patients appreciate with the benefit of quality cannabis products.

In the last six months of 2021 the retailer did $7.2M in gross revenues, having a run rate of $14.4M as the Annual Run Rate.

2021 Gross Revenues: 

  • Jan- $1.4M
  • Feb- $1.3M
  • March- $1.5M
  • April- $1.4M
  • May- $1.4M
  • June- $1.3M
  • July- $1.3M
  • Aug- $1.3M
  • Sept- $1.2M
  • Oct-$1.2M   
  • Nov-$1.1M 
  • Dec- $1.2M
  • 2022 YTD: $2.7M

Details:  

  • Space: 5,200 SqFt (3,200 SqFT Retail & 2,000 SqFt Offices)
  • Long Term Lease In Place
  • 2021 YTD Gross Revenues: +$13M
  • Point of Sale System: Indica Online
  • Licenses: Retail & Delivery

Licenses:

  • Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or 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.

Asking Price: $17.9M 

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

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Email: eespinoza@glbgroupinc.com

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