Fully Operational Cannabis Retail Storefront & Delivery Business Fire Sale (Lompoc, CA) #742

  • $399,000

Business Description

Fire Sale, Seller Open to Offers!!!

Amazing opportunity to acquire a Fully Operational Retail Storefront and Delivery Business in the City of Lompoc, California (Population 43k), owner is looking for a Fire Sale. In 2021, the business generated close to $1.2M in gross revenues from just the retail outlet alone, and on pace to do close to the same in 2022. Currently the delivery is not operational and the new owner would have to go through the licensing phase in order to obtain it, adding another revenue stream to this business. The Business is not limited to making deliveries just in Lompoc, one can make deliveries as far as logistically possibly within the State of California. The simplicity of home delivery provides the convenience that many consumers and patients appreciate with the benefit of quality cannabis products.

Cannabis Businesses have been labeled as essential businesses back in March, 2020 meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open. California recently announced the provisional or temporary license program is set to end June 30, 2022 and licensed operators will only be able to apply at the state level if new or acquire an already existing state license.

 

Details: 

  • Space: 1,700 SqFt
  • Rent: $4,000/Month
  • Lease Terms: 20YR
  • Parking Spaces: 15
  • Employees: 6
  • Point of Sale System: Cova
  • Delivery License active but not in use!
  • Wholesale Inventory: $150K (Not Included in the Asking Price) 

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, cannabis and cannabis products as part of a retail sale.
  • Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.

 

Asking Price:  $399,000.00 (Seller Open to Offers!!!)

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: $399,000
  • Business Type: Dispensary Retail w/ Delivery, Distressed "Must Sell" Businesses, Retail
  • Business Status: For Sale
  • Location: California
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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Eric Espinoza, MD
  • Eric Espinoza, MD