This Dispensary is located right at the heart of one of the most dynamic neighborhoods on the east side of San Francisco and destination point for San Francisco’s 24 million annual visitors. With a variety of nightlife options as well as residential buildings, this offers retailers in the area consistent foot traffic day and night. The Dispensary has been in operation for over four years and has created a brand for itself within the community.The Dispensary is licensed for both Recreational & Medicinal sales and can also do deliveries, giving the shop access to deliver their products to a larger base of their consumers that can not come into the store. At the moment the shop does not have the delivery aspect up and running but the new operator can start that upon taking over the business. The shop grossed $2.8 million in 2019 and given current events will vastly surpass those numbers in 2020.
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 or home delivery, home delivery is strongly encouraged. Now Dispensaries and cannabis deliveries are deemed critical!
- Space: 3200 Sq. Ft.
- Rent: $10,930/month
- Lease: 2 Years remaining but can exercise (2) 5 YR options
- Licenses: Retail Storefront & Delivery
- Wholesale Inventory: $50,000.00
- Employees: 10
- 2019 Gross Sales: 2.8M
- Current Hours 11am – 5pm (Allowed Use in SF 8AM-10pm)
Retail Storefront- Facility where medical cannabis, medical cannabis products, or devices for the use of medical 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.
Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Asking Price: $3,900,000.00
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.