Great opportunity to add additional locations and/or license types to maximize revenue, in the Bay Area (Population 7.7M) ! Currently the delivery business is fully licensed both at the local and state level in the city of Oakland, CA (Population 425k). The facility has great freeway access in and out, and has a high end security system in place. The business sits on a 500 SqFt unit, owner has a long term lease in place with rent being $3k/Month. The owner is not looking to sell the business or licenses, they are only interested in entering into MSAs with certain qualified groups. The convenience of ordering from a delivery online and using their services has improved the shopping experience for various consumer goods.
Under a Management Service Agreement (“MSA’s”) a company could operate under an already licensed cannabis business, in order to expand in new markets, save startup costs on applying or purchasing their own license, etc. The new company that enters into a management service agreement will have to pay Management Fees such as an Initial Fee, Rent, etc. all depending on the scope, space required based on the company’s needs.
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2021. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.
- Space: 500 SqFt Delivery
- Rent: $3k/Month
- Lease: Long Term Lease In Place
- Owner is Not Selling the Business or License
- License Types: Delivery Non-Storefront Retail
- Manager To Provide Owner with Complete Transparency and Metrc Oversight
- Manager to Pay Monthly Expenses Including Rent/Security, Utilities, Payroll and Insurance for Delivery Drivers and Vehicles, Banking Fees, and Provide Proof of Funds
License: 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.
Initial Management Fee: $50,000.00
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
Eric Espinoza, DRE LIC CA# 02077927
If you have any questions Call Eric at (858) 245-6324