Rare opportunity to acquire a Fully turnkey cannabis retail dispensary and delivery business in a strategic and limited license market in the city of Riverbank, California. Riverbank is strategically located between the city of Stockton and Modesto where an operator can not only take advantage of retail storefront sales with local customers in a city that has a retail cap of two operators but can also increase marketing and market share for delivery sales and target large nearby markets.
This is a great opportunity for an operator who is located near Riverbank and is looking to move operations into a great location geared towards exposure and sales, someone looking to expand their footprint in the Riverbank Cannabis Market while also taking advantage of the very nearby major markets, a multi-state operator or someone who is looking to enter the industry into a fully turnkey business.
Details:
Space: 3, 294 SF
Lease: $6,105 per month
Estimate for renovations and improvements to the building: $250,000
Active City and State License
Riverbank has a retail cap, no more than (2) retailers allowed in the City
Cannabis tax is 4% gross receipts with a $3,000 per month minimum
Fully installed and operational security equipment, including CCTV, fobs, and panic buttons
Furnished with paintings, tables, desks, and chairs
Licenses:
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, 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.
Asking Price: $750,000.00
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE CA LIC #02091143
If you have any questions call Drew (619) 653-0483 or Assistant (619) 592-2291
Email: ceo@glbgroupinc.com
