Who wants to make a splash in the Bay Area?
3 licensed Cannabis retail locations in San Francisco Bay Area available for acquisition or partnership.
Each location has been carefully selected to allow for long term high revenue potential.
Two are located in San Francisco and one in Santa Rosa.
North Beach - 2,200 square foot split between basement level, retail level, and upstairs office. Back entrance for delivery staff. Well located in affluent North Beach area. 4 blocks (just over 1,000 ft) from popular Fisherman's Wharf which see's over 12 million visitors per year.
SoMa District - 2,200 square foot split between 3 levels (including basement). Separate side entrance for delivery staff. Busy thoroughfare for commuters. Up and coming SoMa area with development on the way. Large office/mixed use development coming across the street.
Santa Rosa - 3,300 square foot ground floor building with 11 parking spaces. 30,000 traffic counts, 700 ft from 101 freeway and closest cannabis retail location to downtown Santa Rosa.
We estimate that these 3 locations together have the potential to do north of $12M in revenue. So it’s a great opportunity to get 3 new locations going for a small investment relative to the upside potential.
We are seeking a strong and well capitalized retail operator with ability to run storefront retail and delivery to take these locations off our hands.
We have hearing dates scheduled for all 3 locations in December 2020 and January 2021. We are valuing all 3 locations at $6M (pre-build out valuation).
Why operate these stores:
- Opportunity for rapid brand extension
- Potential revenue of $12M+ between 3 locations
- Large addressable population for delivery
- Very reasonable lease rates (see bottom of page) secured which allows for more profitability
- San Francisco suspended cannabis business tax through December 31, 2021
- The San Francisco Board of Supervisors is also weighing a proposal to cease accepting new retail marijuana license applications.
We are willing to do separate deals, however ideally would prefer to work with one group on all 3 locations.
Please respond if you would like access to our data room so you can prepare an offer, or if you have any questions.