Great opportunity to add additional locations and/or license types to maximize revenue, in the Bay Area (Population 7.7M) ! Currently the delivery business is fully licensed both at the local and state level in the city of Oakland, CA (Population 425k). The facility has great freeway access in and out, and has a high end security system in place. The business sits on a 1490 Sq Ft unit, and the owner has a great long term lease in place with rent just being $4738k/Month! The convenience of ordering from a delivery online and using their services has improved the shopping experience for various consumer goods.
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. 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.
License Types: Delivery Non-Storefront Retail
Use: Recreational & Delivery
Space: 1490 SqFt
Lease: 5 years w/(2) 5 Year Options
Rent: $4738/Month + NNN
Avg. Ticket Price: $102
Wholesale Inventory Amount: $50k
2022 YTD Gross Profit $281,294.93
Great brand in place with 5 Star reviews!
Brand and Book of Business is included in the sale
Retailer Non-Storefront License: Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
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: $225,000.00 (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
Tom Milks, DRE LIC CA# 02064305
If you have any questions Call Tom at (619) 972-5952
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.