Posted on March 17, 2022 / 352Listing ID: 367550APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $15,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (858) 245-6324

Beautifully remodeled Fully Operational High Grossing Retail Dispensary & Delivery for sale in Vista, CA. Located in a very desirable part of San Diego’s North County. 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.

In the last six months of 2021 the retailer did $5,178,513 in gross revenues, having a run rate of $10,357,026 as the Annual Run Rate.

This is a full-service Retail & Delivery business featuring an upscale design along with highly trained staff to assist new and existing patients with their cannabis needs. The shop consists of a wide variety of cannabis products, including edibles, flowers, vaping products, concentrates, capsules, tinctures and topicals.

2021 Gross Revenues: 

January- $267,445.18

February- $261,509.12

March- $492,266.41

April- $728,511.66

May- $724,063.07

June- $693,051.84

July- $727,810.06

August- $806,909.28

September- $838,191.32

October- $917,887.26

November- $910,336.37

December- $977,378.05

2021 Total-  $8,345,359.62

Details: 

  • Space: 8,000 SqFt
  • Rent: $17K/Month
  • Lease: 3 YR w/ 5 YR Option
  • 2021 YTD Gross Revenues: $6M+
  • Point of Sale System: Indica Online
  • Licenses: Retail & Delivery
  • Annual Run Rate: $10,357,026

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.
  • 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.

Asking Price: $15.9M (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

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Email: eespinoza@glbgroupinc.com

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Cannabis & Hemp Banking
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