Turn-Key Cannabis Medical Marijuana Dispensary (Stockton) #102Popular Med., Turn Key, Pending
Dispensary / Posted 8 months ago / 437 views
Here we have a licensed Dispensary opportunity in Stockton that was established in 2013. The cannabis market in Stockton has great potential for growth in the retail aspect seeing that there are only 3 licensed store-front dispensaries in San Joaquin County, with a population of over 300,000 people. What separates this shop from the others is the presentation, patients often mention that it feels like they are in a Apple store. It currently sees 180 patients a day with a average ticket number of $74 in the month of February. The shop grosses 4.8mil a year with a net of 1.2mil and comes with $250,000 of Wholesale Inventory. The Stockton City Council will adopt it’s ordinance for Adult Use “Recreational” Cannabis in the upcoming months, and it is expected that sales will 3x when that measure is adopted. There are additional opportunities for delivery and distribution from the facility and it is located directly off of Interstate 5 in a Class A Building with over 100 covered parking spaces. This opportunity also includes Web, Google, Instagram, Facebook, and Twitter accounts with an audience in excess of 10,000 people per month, and growing. It is the highest rated cannabis dispensary on Weedmaps and Yelp, and currently has a funnel of over $650,000 in leads from Review Sites. The current marketing team will continue working for the business for the next 18+ months to build out the brand, and continue the expansion of 12% month-over-month growth.
There are TWO ways to move forward on this opportunity.
- Option 1– $6,000,000 for the License
- Option 2– 40% Equity for $2,200,000
What comes with the Business:
- $100,000 Wholesale Inventory
- 11,000 Patients in the Patient List
- 24hr On-Site Security
- High Weedmaps ranking (#1 Form of marketing in the industry)
- Strong Social media presence
- 15 Highly Trained Staff Members
- 2,500 sqft
- $100,000 Fixtures (Interior, renovations)
- 20 Parking Spots
- Lease-5 years, $6,000/month
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
Kristian Peters, Broker #: 1308663
If you have any questions call Kristian at: 619-869-4720 or the office 619 795 4340