Posted on March 25, 2022 / 126Listing ID: 373868APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $799,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 770-2699

Great opportunity to acquire a Fully Operational Revenue Generating turn key delivery business in one of California’s largest cannabis markets Sacramento (Population of +500k). On top of having the delivery license the owner has pending applications for Manufacturing Type 6 and Distribution in order to convert the delivery business into a micro-business. This business was voted “Best of Weedmaps” in 2021 adding a greater value as this is a reputable and known brand in the Sacramento area. 

The license is located in the city of Sacramento, but it is not limited to just  delivering within the county. These state-licensed “non-storefront retail” delivery companies can deliver to all of California! The simplicity of home delivery provides the convenience that many consumers and patients appreciate with the benefit of quality cannabis products. Cannabis delivery businesses play a critical role in the state and have now been labeled an essential business, creating a large demand for more.

This is a great opportunity for someone who is looking to expand their footprint in the Sacramento Cannabis Market while also taking advantage of the very nearby major markets, a multi-state operator or someone who is looking to enter the industry.

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. 

2021 Gross Revenues: $2.6M 

Details: 

  • Delivery Space: 1,184 Sq. Ft. 
  • Total Space Including Parking Lot: 9,500 Sq. Ft. 
  • Possible Future Expansion: +1,344 Sq. Ft. 
  • Rent: $4,281.60
  • Lease Terms: 5 YR Lease through 2025 
  • Employees: 11
  • Pending Applications for Manufacturing Type 6 and Distribution
  • Best of Weedmaps 2021
  • POS System: Blaze
  • Routing Software: Onfleet
  • Over 900+ Maps Reviews (Avg. 4.8 Stars) 
  • Almost 4k new recurring customers in 2021
  • Gated Secured Private Parking
  • Ceiling Height: 8 Feet in current buildout (Building Ceiling Heights: 20 Ft) 
  • 2 Seperate Roll Up Doors 
  • 2 Rental Delivery Vehicles
  • High End Security System Installed
  • 4K Security Camera System

Licenses:

  • 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.
  • Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
  • Distribution: Distribution of medical cannabis and medical cannabis products from manufacturer to dispensary. A Type 11 licensee shall hold a Type 12, or transporter, license and register each location where product is stored for the purposes of distribution.

Asking Price: $799,000.00 

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

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Cannabis & Hemp Banking
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