Posted on June 21, 2022 / 140Listing ID: 416432APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $1,299,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 218-6575

Unique opportunity to purchase a fully turnkey storefront dispensary in the heart of downtown Eureka. This is the best location of any dispensary in the area. Right in the heart of downtown featuring weekly town festivals with lots of foot traffic. The facility is fully built out and comes with all assets included. On top of all this, this location has established a loyal clientele of customers and patients within the community with stellar reviews across all platforms. All of this has been accomplished with an absentee owner so any new owner that was more hands on and present with great leadership skills could see substantially more growth. Additionally, with no liabilities or encumbrances, the new buyer could start operating immediately after closing!

Details:

  • Annual Gross Sales: $1.6M
  • Retail Space: 5,000 sq/ft
  • Consumption Lounge Area: 5,000 sq/ft
  • Office: 1,000 sq/ft
  • Inventory Room: 2,000 sq/ft
  • Total Space: 13,000 sq/ft
  • Approximate lease costs for new owner (including NNN and utilities): $74,054
    annually
  • Plenty of parking and lots of foot traffic. Huge growth potential!
  • 15 experienced employees
  • Option to add a Consumption Lounge and Delivery Service

Licenses:

  • Retail: Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, pursuant to express authorization by local
    ordinance, recreational & 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 cannabis 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: $1,299,000.00 (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

Jeff Taylor, DRE LIC CA# 02121244

If you have any questions Call Jeff (619) 218-6575 

Email: jeff@glbgroupinc.com

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

Commercial Lot with Active Tier 1 License | Moffat, CO
Contact Listing Owner
Cannabis & Hemp Banking
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