Fully operational and licensed Dispensary & Delivery business for sale in Vista, CA. Located in a very desirable part of San Diego’s North County. In 2021 the business did $3.6M in gross revenues and is on pace to do over $5M in 2022 just from the retail storefront alone! There is plenty of parking at this dispensary with over 30 spots assigned & street. The retail space is currently 1K SqFt but has already been approved by the city to increase its size to 4,000 sq. ft.
The retail has great freeway access in and out, along with great visibility. The surrounding area is a great mix of residential and business communities. Additionally the area is seeing a boom in development and growth. A truly beautiful must-see retail doing great numbers with untapped potential.
Last year Vista, CA made the switch from Medical Only Sales to allowing Recreational (21yr+) sales, creating a larger market for the existing cannabis retailers. San Diego County has approximately 3.3 Million Residents that the business targets through its Delivery, not only relying on foot traffic from the retail to gain revenues.
All of 2022 revenues have come from the storefront, the current owners are not utilizing the delivery even though they have the license in hand, representing a greater value!
2021 Revenues 3.6M
2022 – On Pace to do over 5M, with HUGE potential to double the Revenue with the Retail space being expanded to over 3 times the current size, the implementation of delivery and with additional Marketing. Current Owners have grown the business very organically and have not put much capital towards marketing.
- Space: 4,000 SqFt (Retail is 1k SqFt but could expand)
- Rent: $15k/Month
- ZERO Debt & Litigation on the Business
- Parking Spaces: 20 w/ Additional 30 Street Parking Spaces
- Option to Purchase the Building for Additional $3.5M
- 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.
- 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.
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: $8,900,000.00
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
Drew Mathews, DRE CA LIC# 02091143
If you have any questions, call Drew. (619) 653-0483
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.