High Revenue Cannabis Retail & Delivery Businesses For Sale (Santa Cruz County & Monterey County) #530

  • $6,000,000

Business Description

This acquisition opportunity is for two well-established, strong revenue generating Cannabis Retail businesses serving the Central Coast. Both Retail locations have been a staple in Santa Cruz County for many years and continue to provide the highest level of quality of service. The Business has experienced exponential growth over the years, is run on Autopilot and yet still has room for growth. Less than 5% of the total sales are produced from deliveries, simply implementing the delivery component and having a delivery radius that covers the central coast will increase revenues substantially.

Total projected revenues for 2021 YTD are approximately $12.5M+ from just the 2 Retail stores, without having the Delivery component fully operational. This portfolio of retail & delivery chains will be a great acquisition for any MSO or Publicly traded company looking to expand their retail & delivery footprint in the Central Coast of California! With their large brand presence, using a data-driven approach and their strategic locations across the Central Coast they are positioned to have fast delivery times, and could outperform the competition in the area. Current management and staff members are willing to stay on board and transition with new ownership.

Location #1 Santa Cruz County 

  • Space: 1,600 SqFt
  • Rent: $6,000/Month
  • Lease Term:  Long Term
  • Wholesale Inventory: $275k
  • Point of Sale System: Leaflogix
  • Assigned Parking Spaces: 12
  • Employees: 12
  • Retail Avg Ticket #: $65
  • Delivery Avg Ticket #: $116

Location #2 Monterey County

  • Space: 3,500 SqFt
  • Rent: $2.75/SqFt
  • Lease Term: Long Term Lease
  • Wholesale Inventory: $260k
  • V.P.D.- 36k
  • Point of Sale System: Leaflogix
  • Assigned Parking Spaces: 18 w/ Room for Expansion
  • Employees: 12
  • Retail Avg Ticket #: $60
  • Delivery Avg Ticket #: $98

Details:

  • Combined Projected 2021 Revenues: $12M+
  • Point of Sale System: Leaflogix
  • Use: Recreational & Medicinal

Management Co:

  • Employees: 6
  • Owns Company IP

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.

 

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: $6M (Seller Open to Offers)

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.

Green Life Business Group, Inc DRE CA LIC# 02061374

Eric Espinoza, DRE LIC CA# 02077927 & Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Eric (858) 245-6324 or Drew (619) 653-0483

Or Email : eespinoza@glbgroupinc.com or ceo@glbroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

Cannabis Dispensary, Cannabis Retail, Cannabis Delivery, Marijuana Delivery, Marijuana Brokers, Cannabis Broker, Marijuana Real Estate Brokerage,

Business Details

  • Price: $6,000,000
  • Business Type: Delivery Retail Only, Dispensary Retail w/ Delivery
  • Business Status: For Sale
  • Location: California
Green Life Business Group, Inc DRE CA LIC# 02061374
Pictures shown are for illustrative purposes only and do not represent the actual business, unless otherwise noted.

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Eric Espinoza, MD
  • Eric Espinoza, MD