Listing ID : 638099
Posted on October 26, 2023 46
This fully operational cannabis dispensary presents a lucrative opportunity for investors seeking a well-established business with a proven track record in Modesto, CA (Pop +212k). The business has been operational since 2019 and has become a pillar in the community. With consistently increasing annual revenues, the dispensary has demonstrated its ability to capture market share and generate substantial profits. The strong financial performance in 2020 and 2021 highlights the business’s resilience and growth potential within the evolving cannabis industry. The dispensary’s prime location in the Central Valley, along with the ability to transfer the owner’s license and relocate, provides flexibility and potential for expansion. Especially when considering there are only 8 dispensaries in the City, representing a greater value!
There are options and plans to expand the existing space to a 5,000 square foot build on site in the near future further enhance the growth prospects. In addition to its impressive financials, the dispensary is in good standing with all vendors, employees, etc ensuring a smooth transition for the new owner. The approval process for the business with the annual DCC license is already underway, streamlining the transition and ensuring compliance with regulatory requirements. Don’t miss this exceptional opportunity to acquire a thriving cannabis dispensary with a solid financial foundation and a promising future.
2020 Revenue: $1,622,963
2022 Revenue: $1,792,752.83
Space: 880 SqFt w/ Option to expand in Summer of 2024 to a 5,000 Build on Site
Lease: Long Term Lease in Place w/ First Right of Refusal
Parking Spaces: 20
Number of Employees: 14
City Allows Transfers and Business to be Relocated
CEQA in Good standing with DCC
Annual DCC License Pending Approvals
In Good Standing w/ Vendors, Employees, etc.
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, medical cannabis and medical cannabis products as part of a retail sale.
Asking Price: $1,100,000.00 (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
Elliot Cardenas, DRE LIC CA #02138336
If you have any questions Call Elliot (619) 770-2699
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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