Listing ID : 829089
Listed On August 12, 2024 458
Listing Updated August 12, 2024
Break into the dynamic MJ market in California
Take over a highly profitable, licensed, cannabis delivery company in Oakland, CA. In its 4th year, this successful business is your opportunity to break into the CA cannabis market. No debt, litigation, or liabilities.
This deliver company stands out for its diverse array of premium cannabis products, encompassing everything from flower to vapes, prerolls, edibles, and concentrates sourced from top tier brands. Renowned for its impeccable quality, competitive pricing, personalized customer service, and swift same-day delivery, the company has cemented a sterling reputation since its inception in 2021. Its relationships with vendors, and customer database, are valuable assets themselves.
Seller’s financial prowess speaks volumes, with a total revenue of $926,783.80 amassed thus far, and Q1 2024 generating $154,074.16 in revenue. The completion of approximately 8,400 transactions coupled with an impressive 68% customer retention rate underscores seller’s unwavering commitment to customer satisfaction. Operational costs averaging $18,000 per month portray a robust financial standing, steeped in operational efficiency.
Benefit from significant growth potential, especially should you expand the business beyond its operations in Northern California. This presents an attractive opportunity for investors looking to enter the cannabis industry and capitalize on the evolving market landscape. The company is poised to capitalize on the increasing acceptance and potential federal legalization of marijuana, which could lead to limitless growth.
Experts are aware that the DEA’s announcement this May 2024 to reclassify cannabis from a Schedule 1 to a Schedule III substance will allow licensed cannabis businesses to claim increased profits. Reclassification will allow cannabis operators to deduct ordinary expenses from gross income, freeing them the burdensome tax implications of Section 280E of the Internal Revenue Code.
License Type: Non-storefront delivery, medicinal & recreational.
Lease: 3-year term, base rent ($2,500 monthly) with 3% annual increase, utilities include security ($1,860 monthly) with 12% annual increase. Very secure location in Oakland CA.
Live Inventory: $20,000-$35,000.
Listed Price: $325,000.00 (Seller is open to competitive bids).
Please sign an NDA and have proof of financials before any other information is shared.
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