First Time on the Market! Rare opportunity to acquire an established cannabis Dispensary, Delivery, Distribution & Consumption Lounge Business in a limited licensed market, located in Humboldt County (Population +135k). As part of the Emerald Triangle, Humboldt County is famously known for its cultivation of cannabis, estimated to be worth billions of dollars.
The Retail and Delivery component of the business is fully operational, and there is a Distribution space & Consumption Lounge permit on the property adding a greater value! This recognized business and its popular brand have filled a strong niche in the community, with its easy highway access and great visibility it has become the most popular store in the area. With the Delivery component they are not only able to service the entire city but all of the surrounding communities in the area.
Currently the business is averaging $260k/Month in gross revenues and is on pace to do $3.1M for 2021. The new owner could implement Distribution, the Consumption Lounge and expand the delivery radius in order to generate additional revenue. The business is located in one of the fastest growing markets of Humboldt County for new residences, Humboldt State University (less than 10 miles away) is becoming a Tech School, and is forecasted to bring in double the school population to the area over the next 10 years.
California continues to present significant growth opportunities in the cannabis sector, including in these limited license markets!
Asking Price: $3,500,000.00
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location.
Green Life Business Group, Inc DRE CA LIC# 02061374
Eric Espinoza, DRE LIC CA# 02077927
If you have any questions Call Eric at (858) 245-6324
Or Email : firstname.lastname@example.org
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.