2 Highly Profitable Producing Cannabis Dispensary Businesses For Sale (Sacramento Area, California) #1391

  • $19,900,000
For Sale Med New Popular Rec Turn Key
2 Highly Profitable Producing Cannabis Dispensary Businesses For Sale (Sacramento Area, California) #1391
  • $19,900,000

Business Description

Portfolio of high revenue producing and successful pair of cannabis dispensaries are now for sale in the thriving Northern California market. These establishments have demonstrated remarkable growth and resilience, generating over $29.8M in gross sales in 2022, and $34.3M in gross sales and $6M in net profit in 2023. The flagship dispensary has cemented its status as a cornerstone of the local community for over 5 years. The newer dispensary, opened in 2021, has quickly solidified its position in the market. Both dispensaries are situated in prime locations, ensuring a steady flow of clientele and revenue. Standout performers within the industry, these businesses have consistently demonstrated strong numbers, outperforming a considerable portion of the industry. The sale includes the added advantage of real estate ownership or long-term leases, providing the buyer with valuable assets and control over their business environment. This is a rare opportunity to acquire a thriving pair of dispensaries in a booming industry. With their impressive growth rate, prime locations, and robust financial performance, these businesses represent a remarkable investment opportunity. Seize the chance to lead the cannabis industry with this formidable duo and establish or expand your presence.

Do You know of any dispensaries in California that are doing better numbers in 2023 vs 2022? Both topline and Net have increased Year over Year.

Combined Revenues: 

  • 2023 Gross Sales: $34.3M (15% increase)
  • 2023 Transactions: 446,701 (11% increase)
  • 2023 Net Profit: $6M (33% increase)
  • 2022 Gross Sales: $29.8M
  • 2022 Transactions: 402,206
  • 2022 Net Profit: $4.5M

Location #1: 

Launched in 2018, this gem of a business is located in a bustling downtown area that boasts on-site parking – a convenience that is as rare as it is appreciated. Perfectly positioned on the main artery piercing the heart of downtown, it stands as a beacon for those seeking quality products and convenience. The dispensary has successfully cultivated a fiercely loyal customer base comprised of locals and college students alike. As the unrivaled market share leader in town, this dispensary has etched its name as a keystone in the community, serving faithfully and leading ambitiously. Truly, it is not just a business, but a thriving landmark in the town.

Details: 

  • Space: 935 SqFt
  • Rent: Market Rate TBD
  • Lease: TBD
  • Parking Spaces: 7
  • Assets Included- C10 License, Inventory, Supplies, Computers, Printers, Office Furniture, POS Stations, Safes, CCTV Security System 

Licenses:

  • Retail Storefront (Active): 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, medical cannabis and medical cannabis products as part of a retail sale.
  • Approved for Delivery (Approved By City Non-Active License) – Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.

Location #2 : 

In 2021, this dispensary with self-distribution was established, nestled in the bustling Highway Commercial zone off an Interstate. The dispensary is between the vivacious cities of Sacramento and San Francisco. The dispensary is visible from the Interstate, and it’s strategic location is nothing short of spectacular, with over 150,000 vehicles zooming past each day! Convenience plays a huge role due to the accessibility of the dispensary being a breeze, with a freeway exit that leads directly to its doors. Its impressive neighbors include giants like Walmart and Starbucks, making it a part of a vibrant commercial hub. The location’s easy freeway access is not just a convenience, it is a lifeline for the busy commuters, who find solace in its easy accessibility amidst their hectic routines. The dispensary is a beacon of comfort and quality, a gem in the commercial crown off the Interstate.

Details: 

  • Space: 2,800 SqFt 
  • Rent: Market Rate TBD
  • Lease: TBD
  • Parking Spaces: 49
  • Assets Included- C10 License, C11 License, Inventory, Supplies, Computers, Printers, Office Furniture, POS Stations, Safes, CCTV Security System

 

Licenses:

  • Retail Storefront (Active): 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, medical cannabis and medical cannabis products as part of a retail sale.
  • Distribution License (Active): Distributor licensees are responsible for transporting cannabis goods, arranging for testing of cannabis goods, and conducting quality assurance review of cannabis goods to ensure they comply with all the packaging and labeling requirements.
  • Approved for Delivery (Approved By City Non-Active License) – Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
  • Cultivation Types 2a, 3a & 4  (Approved By City Non-Active License): Growing Cannabis
  • Type 6 & 7 Manufacturing (Approved By City Non-Active License): Allows for all aspects of cannabis manufacturing, including Extraction w/ Volatile Solvents, i.e. LHE/BHO; and everything allowed w/ Type 6, Type N, Type P Manufacturing Licenses.
  • Type 12 MicroBusiness (Approved By City Non-Active License): For businesses that do at least 3 of the following activities at one location: Cultivation, Manufacturing, Distribution, Retail (Storefront or Non-Storefront)

 

Asking Price: $19.9M (Sellers 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

Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Drew (619) 653-0483

Or Email : ceo@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

Business Details

  • Price: $19,900,000
  • Business Type: Dispensary Retail w/ Delivery, Seller Financing Available
  • Business Status: For Sale
  • Location: California
  • Down Payment Required: $10,000,000.00
  • Gross Revenue: $33,500,000.00
Green Life Business Group, Inc DRE CA LIC# 02061374
Pictures shown are for illustrative purposes only and do not represent the actual business, unless otherwise noted.

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Drew Mathews, CEO
  • Drew Mathews, CEO