Great opportunity for anyone that is looking to acquire a fully operational dispensary in one of California’s most desired cannabis markets Santa Ana, CA (Pop 309k). In 2022 the business generated $6.8M in Top Line Revenues and is asking $4.75M for the business, putting it at a .7X gross multiple valuation! The dispensary is located in one of the best and nicest locations in Santa Ana, plenty of visibility and right off HWY 55!!!
This is a great opportunity for someone who is looking to expand their footprint in the Santa Ana Cannabis Market, while also taking advantage of the very nearby major markets, a multi-state operator looking to target a revenue generating dispensary or someone who is looking to enter the industry.
California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state provisional license.
Details:
Space: 5,800 SqFt
Rent: $2.5/SqFt
Plenty of Parking
2022 Top Line Revenues: $6.8M
Licenses:
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: $4.75M (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
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.
