This is an excellent opportunity to acquire a fully compliant cannabis Delivery business located in the strategic Sacramento market (Population +525k). The business is also zoned for distribution, generating a higher value! The current owner has a great long term lease in place of 5YRS with a 5YR option and a monthly rent of $4,800/month. The licenses sit on a 1,400 SqFt facility with $200K invested into the buildout. Currently the business has a large radius delivering to Sacramento, South Sacramento, Midtown, West Sacramento, Rancho Cordova, Arden Arcade, Carmichael, Elk Grove and now Citrus Heights and its surrounding areas. With little advertising, the company received a 4.8 rating on Weedmaps and has become a recognizable brand, gaining hundreds of new patients and a loyal following of returning customers. It has truly begun to become the go-to for everyday Sacramento cannabis delivery users. With cannabis delivery on the rise, distribution businesses are of the highest demand in the ever growing California cannabis market! This is an excellent opportunity for someone looking to expand their footprint or business in the Sacramento Cannabis Market while also taking advantage of the nearby major markets, or for someone new to the industry! The delivery is not limited to making deliveries in Sacramento or the county, but as far as logistically possible!
California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state provisional license.
Details:
- Space: 1,400 Sq. Ft.
- Rent: $4,800/Month
- Lease: 5YR w/ 5YR option
- License Type: Non-Storefront Delivery
- Zoned for Distribution
- Buildout: $200K
- Sales Continuing to Increase
- 10-12% For Past 6 Months
- Avg Orders Per Day: 105-108
- Avg Ticket: $86
- Employees: 25 Including Management
- 16 Drivers
- 2022 Gross Revenues: $3M
- Updated Sales: April 18th-May 18th 2023: $290K Gross Receipts
- May 18th 2022 to May 18th 2023 Net Profit: $750K +
- Great brand in place with 4.8 Star reviews on Weedmaps!
- Delivery Application in App Store and Android Store
License:
Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.
Asking Price: $2,250,000.00
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
Elliot Cardenas, DRE LIC CA# 02138336
If you have any questions Call Elliot at (619) 770-2699
Or Email : elliot@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.