Asking Price: $1,500,000
Santa Rosa is the hub of canna-country. It’s 1 block off Hwy 101 with easy on/off , 15-mins from Santa Rosa airport, less than 1 hour from SAC, SF, OAK & WINE COUNTRY. The business has a projected revenue of 11Mil annually by 2023.
The facility has 5 units or premises designed for 5 different use types – or as one whole piece combined. Each unit can be individually subleased. The entire lease can be assigned to another entity. The final CUP hearing (formality) is in Nov (date forthcoming). No payments on the lease will be made until we get the warm shell, funding/partnership and final permits/occupancy. The landlord will be investing $150K in TI(Tenant Improvement) in exchange for equity or profit share. The specifics around “warm shell” can be amended but that would have to be as soon as project heads into planning.
Seller currently hold an event license, and they are in process for an S-type manufacturing license at another facility and Santa Rosa. Seller just finalized a new delivery partnership in Sacramento which will allow a relaunch of the private events and online storefront.
The facility in Santa Rosa will include all the following licenses: Retail, Delivery, Distribution, Manufacturing, Cottage Cultivation and On Site Consumption (licenses can be separate or combined under micro-business).
Property type: building and land
Total sf of building: 8,400 SF
Ceiling height: 10 ft
Licensed: Retail (Local & State)
Time frame to be operational: 12 months
Access to natural gas: Yes
5 Conditional Use Permits submitted
- Consumption & Private Events
- Craft Cultivation/Demonstration Garden
- Non-Storefront Delivery
- Type 6 Manufacturing
- Type 11 Distribution
Estimated Investment needed
- TI & operations: $3M
- Revenue 2023: $11M (Includes retail, event fees, sublease for non-canna retail premise, and “clubs”)
2 Non Cannabis Licensed Premises
- 1,500sf = lifestyle marketplace and store with a juice bar, prepared foods and local craft goods
- Private Event Space and 2nd floor mezzanine overlooking the Maycamas Mountains
- Build to suit provided by the landlord
Ben Goldman – Cannabis Real Estate Consultants – DRE# 01106590