Posted on July 22, 2022 / 56Listing ID: 430847APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $2,750,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 770-2699

Great Opportunity to acquire a high grossing, strong company brand, large and loyal customer base,  semi-absentee ownership cannabis delivery and distribution business in one of California’s largest cannabis markets. The business is located in a safe and secure area of Oakland. Current owner has two locations with the first location mainly being used for storage due to limited parking spaces and unit size. The second location has had new building renovations in the amount of $150K. The delivery business is on pace to make $4.3M in sales in 2022 and has a well built reputation and market share in the Bay Area, serving across several Bay Area counties and major cities such as San Jose, San Francisco, Oakland and Santa Clara. Location #2 also has a distribution license as well as local approval for Manufacturing Type 6 adding a greater value. Location #2 is fully compliant with new delivery & distribution licenses and ready to take on Location #1’s operations. Premium security and renovations allow for smooth and easy  operations for a new owner.

This is a great opportunity for someone looking to expand their footprint in the Bay Area while also taking advantage of the very nearby major markets, a multi-state operator or someone who is looking to enter the industry into a fully turnkey business.

Location #1 Details:

  • Space: 500 Sq. Ft.
  • $3,000 Per Month NNN
  • Lease Terms: 5YR w Option to renew (3% Yearly Increase)
  • On Pace to do $4.3M in 2022
  • POS System: Blaze
  • Record sales since April of 2022
  • 10-50% Steady Yearly Growth Since 2018
  • Strong Company Brand
  • Loyal Customer Base
  • Semi-Absentee Ownership
  • Average 30 New Customers Per Day
  • Google Ranked/SEO Top 5 In Servicing Cities
  • 2,000+ Weedmaps Reviews, Ranked Top 3 Delivery Service in Weedmaps Throughout Bay Area
  • Limited Parking

Location #2 Details: 

  • Space: Total: 1,600 Sq. Ft.
  • Rent: $9,000 NNN
  • Lease Terms: 5YR w Option to renew (3% Yearly Increase)
  • Parking Spaces: 7
  • Distribution License in Hand (Zoned for Manufacturing Type 6 with current Local Approval)
  • Newly renovated flex-use building
  • New rooms added
  • $150K Invested into renovations
  • Contracted with rental company & staff for delivery vehicles, reducing company liability
  • New Heaters and carbon filters
  • Security: Private Gate (App & Remote Operated)

– Double Doors

– Contract with Security to Surveil Closing & After Hours

– 2 Sets of Alarms and Video camera systems

Licenses:

  • 2 Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.
  • 1 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.
  • 1 Manufacturing Type 6: Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).

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: $2,750,000.00

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

Elliot Cardenas, DRE CA LIC# 02138336

If you have any questions call Elliot (619) 770-2699 

Email: elliot@glbgroupinc.com

What’s Your Cannabis Business Worth?
Interested in selling your cannabis business? Find out what your cannabis business is worth today! GET AN EVALUATION
Contact Listing Owner
Cannabis & Hemp Banking
You May Also Like