Delivery Service - Oakland

CannaMLS ID: 2003
Save Listing

Price: $650,000


Listing Details


Medical
YES


Price: $650,000

Listing Status: For Sale

This is a non-store front cannabis delivery license opportunity that comes with inventory and cash storage and safes, office furniture and equipment including CCTV security cameras.  Sale includes delivery vehicle and inventory on hand. All insurance policies are paid through 2019.  State and city licensing fees are paid. Including a website, business IP phones and call center all set up and ready. This is a ripe opportunity for entry into the densely populated Bay Area Market.  OAKLAND JUST REDUCED THE LOCAL TAX STRUCTURE THAT APPLIES TO THIS BUSINESS.  The Seller has a Non-Storefront adult use and medical retail license for sale and is willing to structure a fair deal with potential buyers during the transition phase. 

Details:

Space:  Separate unit in larger commercial cannabis complex.

Rent: $1,117.00 per month. (All utilities and triple-net included the rent)

Lease: 5 Year, with right to extend for five years

Fixtures: Completely furnished with office equipment & High grade Security System

Training: Hours provided by the Seller (negotiable)

The listing works for new operators as well as existing operators trying to add retail to their operations. Many of the major risks and hurdles of this license type have already been addressed: (1) finding affordable an sustainable commercial property, (2) obtaining local approval in Oakland's local scheme, (3) obtaining state licensure, (4) dealing with local business tax scheme (recently substantially reduced for Oakland operators).

 

Company has no debt, no other investors, and owns all inventory and equipment outright.  Company is on track for over 300,000 in adjusted total gross (excluding sales tax, excise tax, and local business tax), and doubled sales from quarter 1 to quarter 3.

 

Asking Price: $650,000.00 (flexible terms offered)

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.


Listing Details

Listing Status
For Sale

Location
Oakland, California 94601

Date Listed For Sale:
12/2/2019

Date Last Updated:
4/3/2020

Property Details

Built out / Turnkey
YES

Room for Expansion
YES

Pricing Details

Listing Price
$650,000

Lease Terms:

five years plus five starting December 2019.  Includes opportunity to acquire adjacent unit for expansion. 


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