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

CannaMLS ID: 5828
Save Listing

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, strong revenue generating Cannabis Retail businesses serving the Central Coast. Both Retail locations have been a staple in Santa Cruz County for many years and continue to provide the highest level of quality of service. The Business has experienced exponential growth over the years, is run on Autopilot 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 substantially.

Total projected revenues for 2021 YTD are approximately $12.5M+ 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 Santa Cruz County 

  • Space: 1,600 SqFt
  • Rent: $6,000/Month
  • Lease Term:  Long Term
  • Wholesale Inventory: $275k
  • Point of Sale System: Leaflogix
  • Assigned Parking Spaces: 12
  • Employees: 12
  • Retail Avg Ticket #: $65
  • Delivery Avg Ticket #: $116

Location #2 Monterey County

  • Space: 3,500 SqFt
  • Rent: $2.75/SqFt
  • Lease Term: Long Term Lease
  • Wholesale Inventory: $260k
  • V.P.D.- 36k
  • Point of Sale System: Leaflogix
  • Assigned Parking Spaces: 18 w/ Room for Expansion
  • Employees: 12
  • Retail Avg Ticket #: $60
  • Delivery Avg Ticket #: $98

Details:

  • Combined Projected 2021 Revenues: $12M+
  • Point of Sale System: Leaflogix
  • Use: Recreational & Medicinal

Management Co:

  • Employees: 6
  • 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:
1/5/2022

Property Details

Pricing Details

Listing Price
$11,900,000

Advertising


 

 

Hit the "Contact Listing" button on the top right of the page to send a message to the seller.

(CannaMLS.com does not make seller contact information public to prevent SPAM and abuse.)

 

To report a problem with this listing contact: admin@cannaMLS.com

 

FOLLOW CANNAMLS ON SOCIAL MEDIA FOR EXCLUSIVES, NEWS, NEW LISTINGS, UPDATES AND MORE!


 

*CannaMLS is an independent listing service and does not offer legal, tax or regulatory advice. CannaMLS is not a real estate brokerage and is not advertising any properties for sale in any market. All listings that advertise real estate are posted by third parties who are responsible for compliance with all real estate regulations. CannaMLS does not guarantee the authenticity or value of any listings, assets, buyers, sellers and/or brokers on the company‚Äôs website. By listing or interacting on CannaMLS.com you agree to indemnify and hold harmless CannaMLS Inc. and its owners, employees, agents, and affiliated companies from any civil or legal claims that may arise as a result of you transacting with users or assets on the site.