Unique opportunity to acquire a Branded Cannabis Retail & Delivery Business in Santa Barbara County, (Population +88k). The business is in a great location, right off the highway 246!!! The business sits on a 3k SqFt facility that has local and state approvals from the Department of Cannabis Control, representing a higher value! Due to its PRIME location and well-known brand, the company has developed a significant fanbase. Licenses are approved at the local & state level and the property is being leased, the owner has put in $1M into the buildout.There are no debts or liabilities on the license, and the lease is in good standing. The company advertises on Weedmaps, Instagram, Facebook and their own Website !!! This is a great opportunity for someone who is looking to expand their footprint in the Santa Barbara County Cannabis Market, while also taking advantage of the very nearby major markets, a multi-state operator looking to target a clean canvas or someone who is looking to enter the industry.
Delivery component is not operational but new owner could add that part of the business to generate additional revenue stream
Details:
- Space: 3,000 SqFt
- Rent: $7,500/Month
- Lease: Long Term Lease Available
- Wholesale Inventory: $150k
- POS System: Meadows
- Employees: 5
- Parking Spaces: 8+
- Great brand in place with a significant fanbase!
- Marketing: Weedmaps, Instagram, Facebook, Company Website
- No Debts or Liabilities on the License!
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, medical cannabis and medical cannabis products as part of a retail sale.
Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Asking Price: $699,000.00
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Tom Milks, DRE CA LIC# 02064305
If you have any questions call Tom (619) 972-5952
Email: tom@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.