Posted on October 15, 2021 / 118Listing ID: 289419GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $3,900,000
Status : ACTIVE
Company Name : Green Life Business Group , Inc.
Phone : 858-245-6324

First Time on the Market! Rare opportunity to acquire an established cannabis Dispensary, Delivery, Distribution & Consumption Lounge Business in a limited licensed market, located in Humboldt County (Population +135k). As part of the Emerald Triangle, Humboldt County is famously known for its cultivation of cannabis, estimated to be worth billions of dollars.

The Retail and Delivery component of the business is fully operational, and there is a  Distribution space & Consumption Lounge permit on the property adding a greater value! This recognized business and its popular brand have filled a strong niche in the community, with its easy highway access and great visibility it has become the most popular store in the area. With the Delivery component they are not only able to service the entire city but all of the surrounding communities in the area.

Currently the business is averaging $260k/Month in gross revenues and is on pace to do $3.1M for 2021. The new owner could implement Distribution, the Consumption Lounge and expand the delivery radius in order to generate additional revenue. The business is located in one of the fastest growing markets of Humboldt County for new residences, Humboldt State University (less than 10 miles away) is becoming a Tech School, and is forecasted to bring in double the school population to the area over the next 10 years.

California continues to present significant growth opportu­nities in the cannabis sector, including in these limited license markets!

Revenues: 

  • 2020 Gross Revenues: $3.1M
  • 2021 Gross Revenues: On Pace for $3.1M

Details: 

  • Space: 7,000 SqFt
  • Rent: $7,000 Triple Net (Landlord prorates the Property Tax over 12 Months)
  • Wholesale Inventory: $199K
  • Employees: 23
  • Point of Sale System: Greenbits POS, Dutchie Ordering Platform
  • Parking Spaces:  11 Customer and 10 Employee
  • Use: Recreational & Medicinal
  • Avg Monthly Gross Rev: +$260k/Month
  • Store Avg Customers Per Day: 150 Customers
  • Daily Avg Sale: $9k Daily avg Gross Revenue

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
  • 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
  • On-Site Consumption: THE NEXT BIG THING IN THE CANNABIS INDUSTRY, you can open up a marijuana lounge.  The move gives visitors a place to smoke or eat edibles, since many hotels and rental properties don’t allow for smoking. Similar to alcohol, cannabis can’t be consumed in public places.

Asking Price: $3,900,000.00

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

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

Or Email : eespinoza@glbgroupinc.com

Massive Retailer & Delivery Chain For Sale (L.A., O.C., & S.D. County, CA) | $80M
This is a massive opportunity for a unique, established retail & delivery focused business that has four retail dispensaries, one in Santa Ana, two in San Diego County, and a fourth in Los Angeles County.
Call Eric Espinoza at (858) 245-6324 for more info. DRE CA LIC# 02077927
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