Large Scale Operational Cannabis Delivery Business For Sale (Monterey County,CA)

CannaMLS ID: 5537
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Price: $1,799,000


Listing Details


Listing Category
Home Delivery

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


Price: $1,799,000

Listing Status: For Sale

Rare opportunity to own a operational delivery company in Monterey County listed at an evaluation of. 75X Gross Revenues! The business averages $270k/month in gross revenues and is on pace to do over $3M in gross revenues for 2021. The delivery’s location has great parking, great lease terms and a large operating space of close to 2,000 SqFt! Delivery radius ranging from Los Banos, San Benito,  Santa Clara County, San Jose, Monterey and surrounding areas. This delivery has been in operation for over a year and is averaging close to $200k/month in gross sales. There is a cap on retail and non storefront retail licenses in Monterey County, this Delivery is one of the lucky few that was able to obtain the license and able to operate. Monterey County has a population of over 400k residents and is also known as a cannabis retail desert. That means that there are areas with an absence of legal retail outlets, so delivery businesses are the next best thing. If dispensaries are not permitted due to local restrictions, then drivers can legally deliver to the consumers doorstep in those communities.

Currently the delivery markets on all the major cannabis online platforms, Weedmaps, Leafly along with advertising in the local publications and attending local events. There is huge growth potential, simply by bringing on more drivers and expanding the delivery radius you can reach more customers.

Details:

2021 YTD Gross Revenues: $2.1M (On pace to do over $3M)

Avg Gross Sales: $270k + /month

Seller is asking .75X Gross Revenues!

Space: ≈ 2,000 SqFt

Rent: $5,100

Lease: 3 YR w/ 3YR Option

Employees: 19 Seasoned Workers

Wholesale Inventory: $130k

Parking: +8 Parking Spots

Customers: ≈ 10k in P.O.S.

Fleet of 8 vehicles included

Remodeled 25k New Mac Computers

State of the Art Security System in Place

Average Ticket #: $116.02 /per order

License: Non-Storefront Retail (Both Uses): Deliver cannabis goods to the end-consumers doorstep.

Asking Price: $1,799,000.00 (Seller Financing Available, 80% Down Gets you in the Door!!!)

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Or Email : eespinoza@glbgroupinc.com


Listing Details

Listing Status
For Sale

Location
Monterey County , California 93940

Date Listed For Sale:
9/3/2021

Date Last Updated:
9/14/2021

Property Details

Pricing Details

Listing Price
$1,799,000

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