Cannabis Dispensary, Retail/Distribution, Turn Key, Real Estate Can be Purchased (Vallejo, CA)

CannaMLS ID: 4713
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Price: $8,500,000


Listing Details


Listing Category
Distribution
Dispensary
Home Delivery

License Status
Municipal / local license granted
State / annual license granted


Price: $8,500,000

Listing Status: For Sale

Rare opportunity to own an established Dispensary, Distribution License and the Real Estate. This Dispensary was the 1st one issued in Solano County ! Its located at a very busy intersection and has been servicing consumers for 10+ years and has even been dubbed the counties most premier cannabis destination!

In 2018, the business did $5mil in Gross Sales and $5.9mil in 2019 from the Dispensary alone not counting the sales the Distribution License can bring in. In 2020 the shop did $9M and in 2021, the shop is on pace to do $10mil!!!

The shop has a solid team in place which handles almost everything from logistics, marketing, customer service and administrative tasks. This is a truly well managed business from A-Z, offering an easier transition for the new owner where the established foundation created can help the new owner scale the company.

Licenses: 

Retail- Recreational (Adult Use) and Medical License issued for Retail Sales

Distribution- Distributor licensees are responsible for transporting cannabis goods, arranging for testing of cannabis goods, and conducting quality assurance review of cannabis goods to ensure they comply with all the packaging and labeling requirements. Distributor transport licenses allow for the transport of cannabis goods between licensed cultivators, manufacturers, and distributors.

Details:

Lot Size: 19,000 sqft

Building Size: 995 sqft

Medical & Recreational Sales Allowed

2018 Gross Revenue: $5mil

2019 Gross Revenue: $5.9mil

2020 Gross Revenue: $7.9M

2021 Projections: On pace to do $8.9mil!!!

Real Estate: Could be purchased for an additional $1,000,000.00.

 

Asking Price $8,500,000.00 ( Seller Financing Available w/ $5M Down!!!)

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

Or Email : sales@glbgroupinc.com


Listing Details

Listing Status
For Sale

Location
Vallejo, California 94589

Date Listed For Sale:
2/2/2021

Date Last Updated:
6/3/2021

Property Details

Pricing Details

Listing Price
$8,500,000

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