FIRE SALE FIRE SALE Liquidation City of San Diego Turn Key Fully Operational Dispensary Through Court Receivership…Call for Offers by November 8th (San Diego, California) #1144

  • $2,850,000
Sold Med New Popular Rec Turn Key
FIRE SALE FIRE SALE Liquidation City of San Diego Turn Key Fully Operational Dispensary Through Court Receivership…Call for Offers by November 8th (San Diego, California) #1144
  • $2,850,000

Business Description

This is being sold by way of court ordered receivership and is subject to court confirmation.

Call For Offers is by 3pm November 8th, 2023!

Rare fire sale opportunity! For a clean-licensed cannabis dispensary and delivery business located in San Diego, California. This unique opportunity comes through a court-ordered receivership, making it an exceptional find with no previous debts attached. You’re not just buying a business, you’re acquiring one of the cleanest licenses available in the market, free from the complications often associated with prior financial obligations. With an impressive track record, the business is projected to generate $5.1 million in Net Sales this year. A robust delivery service contributes around 5% to the overall sales, providing an additional revenue stream and customer convenience. 

Set in the thriving and dynamic market of San Diego, this business offers a unique opportunity to tap into a continually growing industry. The location, combined with high net sales, makes it an attractive investment proposition. This sale offers more than just a profitable venture. It provides a seamless entry point into the cannabis industry through a well-established business via court-ordered receivership.

This business is being sold by way of court ordered receivership creating one of  the cleanest licenses for sale on the market that one could find, meaning there are no prior debts attached to the sale of the business or license. 

2023 Revenues: 

January 2023

  • Gross: $616,086
  • Net: $494,069

February 2023

  • Gross: $557,093
  • Net: $448,573

March 2023

  • Gross: $600,803
  • Net: $487,750

April 2023 – Turned OFF WEEDMAPS

  • Gross: $522,456
  • Net: $428,268

May 2023

  • Gross: $516,916
  • Net: $423,997

June 2023

  • Gross: $495,174
  • Net: $415,656

July 2023

  • Gross: $455,498
  • Net: $377,936

August 2023

  • Gross: $454,965
  • Net: $388,011

September 2023

  • Gross: $459,492
  • Net: $388,900

Details: 

  • Space: 1,400 SqFt 
  • Rent: $6,000
  • 2023 Net Sales: On Pace to do $5.1M
  • Roughly only 5% of sales are through delivery
  • Call for Offers by 3pm November 8th, 2023

Licenses: 

  • 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.
  • 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: $2,850,000.00

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 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 at (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: $2,850,000
  • Business Type: Dispensary Retail w/ Delivery, Receivership Listings
  • Business Status: Sold
  • Location: California
  • Gross Revenue: $5,100,000.00
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