Retail Dispensary

Retail Dispensary

Available

$11,000,000.00

Listing Number :

 3904

Status :

Expired

Price :

$11000000

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Description

Extremely rare opportunity to invest in the budding legalized California cannabis industry. By buying this well-established, high-traffic, city-licensed and state-compliant Solano County cannabis business, you not only get instant retail sales revenue from the very profitable and popular dispensary, but you also will acquire license to expand into manufacturing, distribution, cultivation, or micro-business at a second location in the city in which its located.  Seller claims 2018 gross annual income of $2,700,000 and net income of $1,968,000 per year from the dispensary only. Their 2019 numbers are even better and are currently being verified before publishing.

California is the largest legal marijuana market in the world with sales approaching $3 billion and estimated to grow to nearly $5 billion in the next 4 years. By 2024, cannabis sales growth in California will account for nearly a quarter of all sales growth in the United States. This is a phenomenal growth opportunity not often seen in any industry.

This is a rare moment to take advantage of the earning potential within multiple levels of the cannabis supply chain. There are a very limited number of licenses available in the city so competition is scarce; to get multiple licenses with this business is very rare.  The dispensary itself is 5,000 sq.ft. and there are 3 years left on the current lease. #3904

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Cannabis Dispensary
License(s) Required: Business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3904
Date Available: 1/27/2020
Reason For Sale: Other Interest
Annual Total Revenue: 2700000
Annual Net Income: 1968000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 9300
Lease Expires: 2023
Lease Option:
NNN:
 
Financing Information
Down Payment: 11000000
Owner Will Carry:
Other Finance Terms:

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