This well located and profitable cannabis retail dispensary provides delivery service along with curbside pick up, in addition to a highly satisfying retail experience, in a setting that is a feast for the eyes. Local area residents and tourists frequent this shop, which has a broad and organized product offering, set in an environment of tasteful design and artistry. A relaxed, enjoyable customer experience and a location at a point of entry for the populated area, set the dispensary apart from its competition.
Expansion into an adjoining space is ongoing. Owners willing to support a transition process for up to two months. Strong focus on customer service for retail, delivery and curbside pick up will contribute to the ongoing growth of revenue. Seller is adding a distribution license for bulk purchasing, which will allow for more economical inventory purchases and white label services; as well as storage facility options for a buyer with multiple locations. Sales have grown with minimal marketing and word of mouth. Opportunities abound for robust marketing programs that would support a further expansion of the customer base, particularly the tourist market. Billboards would be well utilized. Ample parking and easy access off a major thoroughfare. Gross revenue for 2020 is projected at $8 million based on the current run rate through August 2020.
Space: 3,600 SqFt
Lease through June 2021 w/ (2) 3 YR Extensions
Projected 2020 Gross Revenues: $8M
Dispensary: Is permitted to sell cannabis goods to customers at its premises or by delivery. The business has a licensed facility where commercial cannabis activities occur.
Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer
Cannabis Dispensaries have been labeled essential businesses back in March, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing dispensaries to remain open. Just as pharmacies are allowed to do, they are open for pickup. Now Dispensaries and cannabis deliveries are deemed critical! COVID-19 has been detrimental to many businesses all across the state, however cannabis businesses were labeled an essential business and like many recession proof businesses they have prospered exponentially during these times.
Asking Price: $8,000,000.00 (Seller Financing Available)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
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