High Revenue Cannabis Retail & Delivery Businesses For Sale (Santa Cruz County, CA)

CannaMLS ID: 5828
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Price: $11,900,000


Listing Details


Listing Category
Dispensary
Home Delivery

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


Price: $11,900,000

Listing Status: For Sale

This acquisition opportunity is for two well-established, high revenue producing Cannabis Retail businesses that serve the Central Coast. Both Retails have been a staple in Santa Cruz County for a long time and continue to provide the highest level of quality of service. The Business has experienced exponential growth over the years, is run on Auto-Pilot and yet still has room for growth. Less than 5% of the total sales are produced from deliveries, simply implementing the delivery component and having a delivery radius that covers the central coast will increase revenues.

Total projected revenues for 2021 YTD are $13M+ from just the 2 Retail stores, without having the Delivery component fully operational. This portfolio of retail & delivery chains will be a great acquisition for any MSO or Publicly traded company looking to expand their retail & delivery footprint in the Central Coast of California! With their large brand presence, using a data-driven approach and their strategic locations across the Central Coast they are positioned to have fast delivery times, and could outperform the competition in the area. Current management and staff members are willing to stay on board and transition with new ownership. 

Location #1 

Space: 1,600 SqFt

Rent: $6,000/Month

Lease Term:  Long Term

Wholesale Inventory: $330k

Point of Sale System: Leaflogix

Assigned Parking Spaces: 12

Employees: 18

Retail Avg Ticket #: $65

Delivery Avg Ticket #: $116

Location #2

Space: 3,500 SqFt

Rent: $2.75/SqFt

Lease Term: Long Term Lease

Wholesale Inventory: $290k

V.P.D.- 36k

Point of Sale System: Leaflogix

Assigned Parking Spaces: 18 w/ Room for Expansion

Employees: 17

Retail Avg Ticket #: $60

Delivery Avg Ticket #: $98

Details: 

Combined Projected 2021 Revenues: $13M

Point of Sale System: Leaflogix

Use: Recreational & Medicinal

Management Co:

Management Building: Long Term Lease Agreement

Employees: 7

Owns Company IP

Licenses: 

Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of 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, cannabis and cannabis products as part of a retail sale.

Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.

 

Asking Price: $11.9M (Seller Open to Offers)

 

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 & Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Eric (858) 245-6324 or Drew (619) 653-0483

Or Email : eespinoza@glbgroupinc.com or ceo@glbroupinc.com


Listing Details

Listing Status
For Sale

Location
Santa Cruz, California 95060

Date Listed For Sale:
11/18/2021

Date Last Updated:
11/18/2021

Property Details

Pricing Details

Listing Price
$11,900,000

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