Posted on March 15, 2022 / 170Listing ID: 366551APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $299,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 218-6575

Unique opportunity to acquire a Cannabis MicroBusiness that includes Distribution, Manufacturing Type 6 & Cultivation space in the nineteenth largest city in California, Modesto! Modesto is located near the central Valley of Fresno, which has recently permitted 14 Retail Dispensaries. The city of Modesto has a low cannabis tax rate of 4% of gross revenue for MicroBusiness receipts. This listing has a below market long term lease and the opportunity for expansion as a new owner could fully build out cultivation. This is a great opportunity for someone who is looking to expand their footprint in the Modesto Cannabis Market, while also taking advantage of the very nearby major markets, a multi-state operator looking to target a clean canvas or someone who is looking to enter the industry.

Currently the business is not operational, the new owner would have to continue the licensing and buildout phase in order to become operational.

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.

Details: 

  • Space: 3,000 sq ft
  • Building Space: 200k+ SqFt (New Owner Could Expand For Cultivation)
  • Rent: $2300/Month
  • Lease Terms: 5YR w/ 5YR Option
  • Parking Spots : Plenty of Parking
  • Power: 12,000 Volts
  • Not Operational (New Owner has to Continue the Buildout & Licensing Phase)

Licenses:

  • Manufacturing Type 6: Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
  • 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.

Asking Price: $299,000.00 (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

Jeff Taylor, DRE CA LIC# 02121244

If you have any questions call Jeff (619) 218-6575

Email: jeff@glbgroupinc.com

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