Posted on June 27, 2022 / 231Listing ID: 419026APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $59,000,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 653-0483

2 Prestigious Retail Storefront locations in San Diego County

Rare opportunity to acquire a very unique, superior market access, reputable brand and high grossing retail chain in California’s largest cannabis market.

Enterprise is considered to be one of the most desired chains in California due to the large revenues generated along with high EBITDA. These two fully operational turnkey businesses grossed $35M in 2021 with an EBITDA of $10M. The chain has accrued a large following due to its PRIME locations and brand recognition in San Diego County.

Cannabis Businesses were labeled as essential businesses back in March of  2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Shop #1 Details: 

  • Rent: $13,000 Per Month
  • Space: 5,300 Sq Ft (2,000 SqFt of additional space being built out which will increase 10 checkout stations cutting the wait time almost in half).
  • $400K in Total Fixtures
  • $400K in Inventory

Shop #2 Details:

  • Rent: $16,000
  • Space: 3,900 Sq. Ft.
  • $400K in Total Fixtures
  • $200K in Inventory

Licenses:

  • Retail Storefront: A retail license is required to service recreational patients. A dispensary or caregiver license is needed to serve medical patients. It is possible to hold both licenses by paying a “medical bump up” fee to the OLCC. However, the medical and recreational dispensaries must be separate buildings (or suites).
  • Delivery: All retail locations include delivery and allow deliveries to be made anywhere in California.

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.

Asking Price: $59,000,000.00

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 CA LIC# 02091143

If you have any questions, call Drew. (619) 653-0483  

Email: ceo@glbgroupinc.com

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

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Cannabis & Hemp Banking
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