Great opportunity to acquire a Turn-Key Retail Storefront and Delivery Business in the city of Lompoc, California (Population 43k). In 2021, the business generated $1.8M in gross revenues from just the retail outlet, not counting the delivery component that the new owner could implement. The business also has the capability and license to do deliveries, which the new owner can take advantage of. 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.
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: $950,000.00 (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
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.