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