Posted on October 28, 2021 / 240Listing ID: 292307GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $29,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc.
Phone : 619-653-0483

Great opportunity for a Southern California Fully Vertically Integrated Cannabis Retail and Cultivation Empire. This business meets multiple crucial checkmarks from an absentee ownership structure, extraordinary sales increases year over year and most importantly still has room to scale! The Retail store is located in Perris,Ca and the Cultivation facility is located in Adelanto, CA.

The Retail sits on a high traffic, high visibility location near a major freeway off ramp. The business is on pace to almost hit $30 million dollars in gross revenues for 2021, with a YTD Net Revenue of $4.5M, from the Retail alone! All while the business is completely run on Autopilot with a tenured sales team and with 4 managers in place, it’s owner absentee. There are 25+ employees who are orchestrated by an experienced highly effective cohesive management team that is expected to remain with the company after an acquisition. Currently the owner is not doing Delivery sales out of the Retail location but has the license in hand, representing a greater value. There is also an option to purchase the property for an additional price on top of the asking price of the business.

The Cultivation sits on a parcel of 6 Acres in Adelanto, CA. There are 2 Buildings on the property, Building #1 is 20k SqFt and Operating with 340 Lights, Building #2 is 32k SqFt Non-Operational and could fit over 340 Lights. 1/3 of the Sales from the Retail comes from their own flower out of Building #1. The grow currently does about 3,000lbs a Year out of the 20k SqFt facility, the owner put in over $5M in Fixtures and Equipment. There is also a Distribution license on the property that is included in the sale. The property can also be purchased for an additional price on top of the asking price of the business.

Revenues:

  • 2020 Gross Revenues: $22M
  • 2021 Gross Revenues YTD: On Pace for $29.4M
  • 2021 Net Revenues YTD: $4.5M
  • 2022 Gross Revenue Projections: $35M (Not including delivery sales)

Details: 

  • Parcel: 1.5 Acres
  • Building Space: 3,000 SqFt
  • Med Room: 1200 SqFt
  • Rent: $15,000/Month
  • Wholesale Inventory: $1M Included in Sale
  • Parking Spots: +100
  • Employees: 25 Employees (Business being run completely Autopilot)
  • 1/3 of the Sales is their own flower being Cultivated from their Adelanto Facility.
  • Owner has the ability to ADD Additional Signage visible from the Freeway
  • Owner of the Business is also the Landlord and is willing to sell the Real Estate in Addition to the Asking Price

Licenses: 

  • Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or 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.
  • Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer

Adelanto Cultivation Facility-

Details: 

  • Lot Size: 6 Acres
  • Rent: $50,000/Month
  • Building Space #1: 20,000 SqFt
  • Building Space #2: 32,000 SqFt (Currently Non-Operational, could fit 340 Lights)
  • Fixtures & equipment: $5M into Buildout & Equipment
  • Building Space #1Power: 1600 AMPS
  • Building Space #1 Lights: 340 Grow Lights
  • Building Space #1: Fully Equipped and in operation for Indoor Cultivation producing 250lbs/Monthly of Flower equalling 3,000 lbs per Year just from Building #1!
  • All City & State licenses Included (All FF&E Included)
  • Distribution License is Included
  • Owner of the Business is also the Landlord and is willing to sell the Real Estate in Addition to the Asking Price

Licenses: 

  • Cultivation- Growing Cannabis
  • Distribution: Move cannabis and cannabis products between cultivation, manufacturing or distribution premises. Move finished cannabis goods to retail premises. Provide storage services to other licensees. Arrange for testing of cannabis goods

Asking Price $29.9M (Must show POF of at least $15M MINIMUM, Seller Financing Available) 

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Drew at (619) 653-0483

Or Email : ceo@glbgroupinc.com

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