Posted on January 25, 2022 / 18Listing ID: 336827APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : Inquire for Price
Status : ACTIVE
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Medical & Recreational
Company Name : Amphibious, Inc.
Phone : (510) 831-2224

Great opportunity to add additional locations and/or license types to maximize revenue, in the Bay Area! The business is fully licensed at the local and state level for Delivery in Oakland, CA. The business sits on a 500 SqFt unit with a Long Term Lease at only $3k/Month. The owner is specifically looking to enter into an MSA but is open to discussing selling the business with the right opportunity. This is a great deal for a business to get started immediately with less overhead costs than most other opportunities.

Under a Management Service Agreement (“MSA’s”) a company could operate under an already licensed cannabis business, in order to expand in new markets, save costs on applying or purchasing their own license, etc. The new company that enters into a management service agreement will have to pay Management Fees such as an Initial Fee, Rent, etc. all depending on the scope, space required based on the company’s needs.

California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2021. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business. 

Details: 

  • Space: 500 SqFt Delivery

  • Rent: $3k/Month 

  • Lease: Long Term Lease In Place 

  • Owner is Not Selling the Business but Open to Discussion with Right Operator

  • License Types: Delivery

  • Manager To Provide Owner with Complete Transparency and Metrc Oversight

  • Manager to Pay Monthly Expenses Including Rent/Security, Utilities, Payroll and Insurance for Delivery Drivers and Vehicles, Banking Fees, and Provide Proof of Funds

 Initial Management Fee: $50,000.00

 

Contact Listing Owner
Cannabis & Hemp Banking
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