Posted on June 8, 2022 / 109Listing ID: 409902APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $2,200,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 6199725952

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.

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: $2.9M

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
  • Store Avg Customers Per Day: 150 Customers
  • Distribution License Could be Purchased for an Additional $200k!

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
  • 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.

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: $2,200,000.00

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

Tom Milks, DRE LIC CA# 02064305

If you have any questions Call Tom at (619) 972-5952

Or Email : tom@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

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