Posted on January 12, 2022 / 412Listing ID: 329132APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $19,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc.
Phone : 619-653-0483

Amazing opportunity to acquire a successful Turn-Key Retail Storefront and Delivery Business in California’s most desired market San Diego County! The business is currently fully operational and is ready for a new owner running on auto-pilot. Facility is licensed both at the local and state level. All of the build out and compliance inspections are completed, the owner has approval from the fire chief, both local and state licenses in hand, all can be verified during due diligence. The business has not implemented the delivery component adding a massive value creating a large potential for increased revenues through delivery sales. The Business is not limited to making deliveries just in San Diego County, one can make deliveries as far as logistically possibly within the State of California. The simplicity of home delivery provides the convenience that many consumers and patients appreciate with the benefit of quality cannabis products.

Cannabis Businesses have been labeled as essential businesses back in March, 2020 meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Details: 

  • Space: 1,500 SqFt (Room for an additional 500 Sq Ft)
  • Rent: $8,000/Month
  • 2020 Gross Revenues: $7.5M
  • 2021 Gross Revenues: $16.5M
  • $3.8M EBITDA
  • ZERO Delivery Sales

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, cannabis and cannabis products as part of a retail sale.
  • Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.

Asking Price:  $19,900,000.00 (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

Drew Mathews, DRE CA LIC# 02091143

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

Email: ceo@glbgroupinc.com

Vertically Integrated Retail & Cultivation Empire (Perris & Adelanto, CA) | $29.9M
Opportunity for a Vertically Integrated Retail & Cultivation Empire. This business offers opportunity for absentee ownership, extraordinary sales annual increases, and room to scale!
Call Drew Mathews at (619) 653-0483 for more info. DRE CA LIC# 02091143
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Cannabis & Hemp Banking
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