Massive Cannabis Retailer & Delivery Chain For Sale LA, OC & SD County

, California 5 views 0 favorites

Financial Highlights
Asking Price
$80,000,000
Business Description

This is a massive opportunity for a unique, established retail & delivery focused business that is on auto-pilot. This business is in multiple trade areas Los Angeles, Orange & San Diego County, each with a Population of over 3 Million. The owner has four retail dispensaries, one in Santa Ana, two in San Diego County and a fourth in Los Angeles County. The Santa Ana and 1 of the SD County locations recently underwent almost $1M in upgrades and renovations, making the shops a destination location for many. The owner approves new projects, attends higher level organizational needs with their management team. They have a team of Managers and employees totaling 240, that are empowered to solve problems real-time, in accordance with company policy within the team culture. The owner is not involved in day-to-day project decisions or operations, everything is run on autopilot. Total projected revenues for 2021 YTD are $50M+ from the 4 Retail stores and the deliveries. This portfolio of retail & delivery chains will be a great acquisition for any MSO or Publicly traded company looking to expand their retail footprint in major markets in Southern California! With their large brand presence, using a data-driven approach and having strategic locations across SoCal they are able to have fast delivery times, and are outperforming the competition in the cannabis recession-resilient industry. All Retail & Delivery facilities are leased, the Business is being sold without any real estate assets. Encino: Space: 2,700 SqFt Rent: $8,000/month Long Term Lease In Place 2021 YTD Gross Revenues: +$5M Point of Sale System: Indica Online Freshly Repaved Private Parking: 5 spaces Licenses: Retail & Delivery Santa Ana: Total Space: 10,000 sqft Rent: $2.75/sqft Lease Term: 5 YR w/ (2) 5 YR Option 2021 YTD Gross Revenues: +$4M Point of Sale System: Indica Online Licenses: Retail & Delivery San Diego County Shop #1: Space: 8,000 SqFt Rent: $17K/Month Lease: 3 YR w/ 5 YR Option 2021 YTD Gross Revenues: $6M+ Point of Sale System: Indica Online Licenses: Retail & Delivery San Diego County Shop #2: Space: 5,200 SqFt (3,200 SqFT Retail & 2,000 SqFt Offices) Long Term Lease In Place 2021 YTD Gross Revenues: +$13M Point of Sale System: Indica Online Licenses: Retail & Delivery Asking Price: $80,000,000.00 (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 If you have any questions Call Eric at (858) 245-6324 Or Email: eespinoza@glbgroupinc.com Location: Los Angeles, California Facilities: Cannabis License on Property. License: Retail Storefront- Facility where medical cannabis, medical cannabis products, or devices for the use of medical 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, medical cannabis and medical cannabis products as part of a retail sale.

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 21, 2022

Updated: 5 hours ago

Views: 5

Favorites: 0