TurnKey Operational Cannabis Dispensary, Delivery & Distribution Business For Sale (Humboldt County)

CannaMLS ID: 5893
Save Listing

Price: $3,500,000


Listing Details


Listing Category
Distribution
Dispensary
Home Delivery
Consumption Lounge

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


Price: $3,500,000

Listing Status: For Sale

First Time on the Market! Rare opportunity to acquire an established cannabis Dispensary, Delivery, Distribution & Consumption Lounge Business in a limited licensed market, located in Humboldt County (Population +135k). As part of the Emerald Triangle, Humboldt County is famously known for its cultivation of cannabis, estimated to be worth billions of dollars. 

The Retail and Delivery component of the business is fully operational, and there is a  Distribution space & Consumption Lounge permit on the property adding a greater value! This recognized business and its popular brand have filled a strong niche in the community, with its easy highway access and great visibility it has become the most popular store in the area. With the Delivery component they are not only able to service the entire city but all of the surrounding communities in the area. 

Currently the business is averaging $260k/Month in gross revenues and is on pace to do $3.1M for 2021. The new owner could implement Distribution, the Consumption Lounge and expand the delivery radius in order to generate additional revenue. The business is located in one of the fastest growing markets of Humboldt County for new residences, Humboldt State University (less than 10 miles away) is becoming a Tech School, and is forecasted to bring in double the school population to the area over the next 10 years.

California continues to present significant growth opportu­nities in the cannabis sector, including in these limited license markets! 

Revenues: 

2020 Gross Revenues: $3.1M 

2021 Gross Revenues: On Pace for $3.1M

Details: 

Space: 7,000 SqFt

Rent: $7,000 Triple Net (Landlord prorates the Property Tax over 12 Months)

Wholesale Inventory: $199K

Employees: 23

Point of Sale System: Greenbits POS, Dutchie Ordering Platform

Parking Spaces:  11 Customer and 10 Employee 

Use: Recreational & Medicinal 

Avg Monthly Gross Rev: +$260k/Month

Store Avg Customers Per Day: 150 Customers

Daily Avg Sale: $9k Daily avg Gross Revenue

Distribution Could be Purchased for an Additional $200k!

Licenses:

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

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

Distribution: Move cannabis and cannabis products between cultivation, manufacturing or distribution premises. Move finished cannabis goods to retail premises. Provide storage services to other licensees. Arrange for testing of cannabis goods

On-Site Consumption: THE NEXT BIG THING IN THE CANNABIS INDUSTRY, you can open up a marijuana lounge.  The move gives visitors a place to smoke or eat edibles, since many hotels and rental properties don’t allow for smoking. Similar to alcohol, cannabis can’t be consumed in public places.

Asking Price: $3,500,000.00

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 

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
Humboldt County, California 95501

Date Listed For Sale:
12/1/2021

Date Last Updated:
12/1/2021

Property Details

Pricing Details

Listing Price
$3,500,000

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’s 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.