Business Description
This is a golden opportunity to invest in a cannabis dispensary and delivery business located in Santa Barbara County. Advantageously situated just off the 101, with seamless access from both North and South. The location also benefits from an abundance of parking spaces, eliminating any potential inconveniences for clientele. The business resides near one of California’s largest cannabis growing areas, presenting a unique potential for tapping into the burgeoning cannabis tourism market. Surrounded by affluent neighborhoods, the average house prices on this street exceed eight figures, offering an exclusive service to the prosperous communities such as Montecito and Carpinteria. The lease expense ranges from $7,490 to $9,495 per month, depending on the square footage desired for delivery and office space. However, you could take advantage of a 50% rent discount for the first two years, providing significant savings during the initial business phase.Â
The building is zoned for conducting cannabis sales and comes with a long-term lease—10 years with two 5-year extensions. This provides peace of mind and stability for the new owner. The new owner will need to continue with the construction and buildout, with the current owner estimating the expenses to be between $200,000 and $400,000, depending on the desired scale of the final setup. This is a promising investment opportunity for those looking to enter or expand in the cannabis industry.
Details:Â
- Space: est 3,500 SqFt (2k SqFt of Retail & 1500 SqFt Delivery/Office Space)
- Rent: $3.50/SqFt (Landlord Open to Offers Depending Terms)
- Lease: (2) 5 YR Options w/ (2) 5 YR Extension
- Parking: 30+ SpacesÂ
- Capital Invested: $700kÂ
- Buildout Expense Estimate: $200k-$400kÂ
License:
- 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, medical cannabis and medical cannabis products as part of a retail sale.
- Delivery: 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.
Asking Price: $1M (Seller Open to Offers, w/ $500k Down!!!)
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 LIC CA #02077927
Elliot Cardenas, DRE LIC CA #02138336
If you have any questions call Eric (858) 245-6324Â or Elliot (619) 770-2699Â
Email: broker@glbgroupinc.com or elliot@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
Business Details
- Price: $1,000,000
- Business Type: Dispensary Retail w/ Delivery, Seller Financing Available
- Business Status: For Sale
- Location: California
- Down Payment Required: $500,000.00
- Capital Invested: $700,000.00
