Fully licensed, operational Cannabis Delivery business located in the Sacramento area (Population 500K+). Currently the business has a large radius delivering to Sacramento, South Sacramento, Midtown, West Sacramento, Rancho Cordova, Arden Arcade, Carmichael, Elk Grove and now Citrus Heights and its surrounding areas. The current owners are keeping the brand and the book of business, and are mainly looking to sell at license value. The delivery is grossing around $200k+ in revenues a year, providing a greater value since the new owner does not have to reinvent the wheel. They could just come in with their own brand and continue operations. There is still plenty of potential to grow the business with untapped delivery areas, the right advertisement approach, etc. could really create a new cannabis delivery footprint for the Sacramento area and beyond.
Sacramento Cannabis businesses pay a business tax of 4% of their gross receipts. Taxes are remitted on a monthly basis. You will begin paying tax once you begin operating and generating revenue.
California’s “Provisional”, or temporary license application deadline was March 31, 2022, and the final deadline for the state to grant Provisional licenses for those applications will be June 30, 2022. If you didn’t submit a license application by March 31, a Provisional license will not be obtainable, which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire a business that already has an existing state Provisional license.
Looking for Funding?
Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.
Asking Price: $150,000.00 (Seller Financing Available)
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
Yesenia Jimenez, DRE CA LIC# 02073168
If you have any questions call Yesenia (858) 633-3013
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.