Fully Operational Cannabis Dispensary & Delivery Business For Sale (Santa Cruz, California) #1066

  • $999,000

Business Description

$500k Down Gets You In !!!!

This lucrative opportunity presents the chance to take charge of a thriving cannabis Retail & Delivery Business in the strategically positioned Santa Cruz market. This fully operational, turnkey business is housed in a 1,400 sq ft facility featuring an elegantly designed sales floor, equipped to deliver an exceptional shopping experience. Additionally, the second floor comprises an office space and a storage room, providing ample space for administrative tasks and efficient inventory management. What makes this opportunity exceptionally appealing is the existing customer base of over 20,000 patrons. This expansive clientele is a testament to the business’s renowned reputation and high customer satisfaction rates.

Despite this success, the current owners have yet to capitalize on the delivery aspect of the business, a promising avenue for future growth. Santa Cruz is home to approximately 63,000 residents, with a wider county population of around 273,000. The untapped potential of delivery services in this area provides the new owner with an immediate opportunity for expanding revenues, enhancing customer service, and increasing market penetration. With the existing business model, this venture is on pace to achieve a remarkable $1.6M in Gross Revenues this year. By integrating a delivery service into the operational strategy, the new owner could significantly boost this figure while providing a convenient service to an underserved market. In summary, this acquisition presents a rare opportunity to own a cannabis Retail & Delivery Business in a high-demand market, with plenty of room for growth and revenue enhancement.

 

Details: 

  • Space: 1,400 SqFt sales floor and a 500 sq ft upstairs office and storage area
  • Rent: $17,500/Month 
  • Lease: 3YR Remaining & (1) 5YR Option 
  • 2023 Projected Gross Revenue: $1.6M
  • Parking: 10 Spaces
  • Employees: 9
  • P.O.S: Treez
  • Avg Ticket#: $40/per Transaction
  • Patient/Customer List: 20,000 (Included in Sale) 

 

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: $999,000.00 (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

Tom Milks, DRE CA LIC# 02064305

If you have any questions Call Tom (619) 972-5952

Email: tom@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: Pending
  • Location: California
  • Down Payment Required: $500,000.00
  • Gross Revenue: $1,800,000.00
  • Capital Invested: $1,000,000.00
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.

Compare listings

Compare
Tom Milks, Agent
  • Tom Milks, Agent