Business Description
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.
Details:
- Space: 1,000 Sq Ft current floor plan. Additional 2,500 Sq Ft available as apart of the lease (Not Built Out).
- Rent: $6,000/Month
- Lease Terms: 5 Years w/ Options To Extend
- Parking Spaces: 6
- Employees: 10
- Point Of Sale System: Cova
- Wholesale Inventory: $108K
- Avg Ticket Number: $48
- Delivery License active but not in use!
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: $220,000.00
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 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: $220,000
- Business Type: Dispensary Retail w/ Delivery
- Business Status: Sold
- Location: California
- Down Payment Required: $200,000
- Gross Revenue: $860,000.00
- Capital Invested: $200,000
