Business Description
This Dispensary is located right at the heart of one of the most dynamic neighborhoods on the east side of San Francisco and destination point for San Francisco’s 24 million annual visitors. The company has been operational since 2018 and has excellent street access in and out, as well as proximity to the Chase Center Arena, Highway 280, and Route 101, resulting in increased visibility. With a variety of nightlife options as well as residential buildings, this offers retailers in the area consistent foot traffic day and night. The Dispensary has been in operation for over four years and has created a brand for itself within the community. The Dispensary is licensed for both Recreational & Medicinal sales and can also do deliveries, giving the shop access to deliver their products to a larger base of their consumers that can not come into the store. At the moment the shop does not have the delivery aspect up and running but the new operator can start that upon taking over the business.
Details:
- Space: 3,200 SqFt (Both Levels)
- Rent: $12,000/Month
- Lease Terms: 5YR w/ (2) 5YR renewal options
- Licenses: Retail Storefront & Delivery
- Monthly Gross Revenues: Avg. $100k/Month
- Consumption Lounge Local Approvals in Hand!
License:
- Retail Storefront- Facility where medical cannabis, medical cannabis products, or devices for the use of medical 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.
- Retailer Non-Storefront 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.
- 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: $999,000.00 (70% Down Gets you in the Door!)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Eric Espinoza, DRE CA LIC# 02077927
If you have any questions call Eric (858) 245-6324
Email: eespinoza@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
Business Details
- Price: $999,000
- Business Type: Dispensary Retail w/ Delivery, Seller Financing Available
- Business Status: For Sale
- Location: California
- Down Payment Required: $700,000.00
- Gross Revenue: $1,250,000.00
- Capital Invested: $500,000.00
