Business Description
Great opportunity for someone that is looking to enter the OC market with an established, high revenue producing retail and delivery business! The business is located in Santa Ana, the county’s second largest city with 320K+ residents and the county being the states 3rd most populous county, with nearly 3.2 million residents. The business is in one of the most desirable, affluent and high traffic areas in Santa Ana. The Business has experienced exponential growth over the years and still has room for growth by extending the delivery radius, and the building is also zoned for a Distribution license that the new owner could apply for. Current management and employees are willing to stay onboard with the new owner.
In the last six months of 2021 the retailer did $7,274,173 in gross revenues, having a run rate of $14,548,346 as the Annual Run Rate.
2021 Gross Revenues:
Jan 21- $305,826.16
Feb 21- $258,809.55
Mar 21- $274,031.85
Apr 21- $269,716.20
May 21- $266,044.85
Jun 21- $385,118.07
Jul 21- $917,504.46
Aug 21- $1,135,961.65
Sep 21- $1,061,897.25
Oct 21- $1,356,318.61
Nov 21- $1,391,807.40
Dec 21- $1,410,686.86
Total- $9,033,722.91
Details:
- Total Space: 3,200 SqFt
- Rent: $2.75/sqft
- Lease Term: 5 YR w/ (2) 5 YR Option
- 2021 YTD Gross Revenues: +$4M
- Point of Sale System: Indica Online
- Licenses: Retail & Delivery
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.
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: $17.9M
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 LIC CA# 02077927
If you have any questions Call Eric at (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 opportunity.
Business Details
- Price: $17,900,000
- Business Type: Dispensary Retail w/ Delivery
- Business Status: For Sale
- Location: California
