Turn-Key Cannabis Dispensary For Sale w/ Option to Purchase Real Estate (Vallejo, California) #426

Great opportunity for a flagship cannabis Dispensary in Vallejo, Solano County (447k+ Population). The Dispensary is fully operational and licensed both at the local and state level. The owner has licenses for Retail, Delivery & Distribution on the building. The building is located near a major highway, making it easier for Delivery & Distribution. The shop did over $1.3M in gross sales for 2020. The new owner could increase revenue with added marketing and utilizing all licenses, at the moment the distribution is only being used in house. The real estate could also be purchased for an additional $1.6M, on top of the asking price.

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.

Details: 

• Building Size: 3,300 SqFt
• Lot Size: .88 Acre
• Buildings: 2 Buildings
• 2020 Gross Revenue: $1.3M
• 2021 Q1 Gross Revenues: $318k
• Wholesale Inventory: $50k
• P.O.S: Indica Online
• Employees: 7
• Real Estate Could Be Purchased for Additional $1.6M

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
• Distribution: Distribution of Recreational & Medical cannabis and medical cannabis products from manufacturer to dispensary.

Asking Price: $2,200,000.00 (Real Estate Could Be Purchased for Additional $1.6M)

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.