Posted on January 20, 2023 / 36Listing ID: 514380APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $1,400,000
Company Name : Green Life Business Group, Inc
Phone : (619) 653-0483

Great opportunity to acquire a profitable cannabis retail storefront and delivery business that has no current debt in the high demand Monterey County Market. This business sits on a 5,100 Sq Ft facility that is fully operational. The business currently has not enforced the delivery license allowing for huge upside on revenues. This business is located between three major limited license markets such as Monterey (Population 427,325), Salinas (162,791) and Watsonville (Population 52,067). A strategic operator may target these markets not only by increasing marketing in order to push traffic towards the retail storefront location but also service these cities as well as surrounding counties by implementing the delivery component. 

This is a unique and strategic opportunity for an operator that is looking to expand their footprint into a business that has no current debt in a market that has seen many exits from different operators. 

California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state provisional license.

Details:

Space: 5,100 Sq. Ft. 

Rent: $17,300 Per Month 

Delivery License Not In Use! 

No current Debt 

$1.4M Top Line Revenue 

License:

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.

Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.

Asking Price: $1,400,000.00 (Seller Open To Offers)  

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA #02091143

If you have any questions Call Drew (619) 653-0483

Or Email : ceo@glbgroupinc.com

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

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