Marijuana Dispensary Facility for sale in Antioch, CA 94509

Lemonnade Dispensary For Sale Through Receivership Overbid Hearing January 29th (Antioch, California) #1462

This is being sold by way of court ordered receivership and is subject to court confirmation.

On January 29, 2025, at 9:00 a.m. at the Contra Costa Superior Court, Dept. 16, there will be an overbid hearing for the sale of the businesses’ assets and license, excluding inventory. The opening bid will be $340,000, with successive bidding increments of $10,000. Bidders must prequalify by: (1) providing a $32,500 deposit; (2) signing the rules for the overbid hearing; and (3) providing proof of funds. Contact Eric Espinoza at 858-245-6324 or at broker@glbgroupinc.com for more information.

Rare opportunity to own Lemonnade the premier cannabis dispensary in Antioch, CA. With a thriving population of 115k residents and only five active dispensary licenses, the market is primed for exceptional growth. The industry standard of one license per 15k residents underscores the immense potential here, offering the new owner a competitive edge. This dispensary boasts a coveted Annual State License from the Department of Cannabis Control (DCC), representing a greater value. Strategically located off the highway and near a bustling shopping center anchored by major retailers like Costco, the visibility and accessibility are unparalleled. The business has the delivery license in hand, and the new owner has the ability to implement the delivery business servicing Contra Costa County residents and further out, to complement the dispensary and build brand recognition by capturing market share. There is an empty 5k SqFt Warehouse also on the property that the new owner could expand into, for admin, office space, etc and an additional empty pad approx 8700 SqFt that the new owner could build on for added space. There is also an option to purchase the property for an additional $2.5M.

Despite recent operational transitions, the dispensary generated impressive Net Sales of $2.8M in 2023 and is on track to achieve $2.1M in Net Sales in 2024. As a call for offers listing, this opportunity promises a swift and competitive sale process. One of the standout features of this opportunity is its status as a receivership listing. This designation ensures a clean and efficient transaction process, emphasizing transparency and ease of negotiation. Buyers could expect streamlined procedures and a straightforward path to ownership, making this one of the cleanest deals available in the market.

Contact us today to submit your offer – this listing is set to move quickly!

Details:

Space: 7,234 SqFt

Neighboring Space Available For Additional Building approx. 8700 SqFt PAD

Empty 5k Sqft Warehouse , for added use, to rent, etc

Inventory Not Included in Sale

Rent: $17,500/Month NNN

2023 Net Sales: $2.8M

2024 Projected Net Sales: $2.1M

Annual State License in Hand

Option to Purchase Property for $2.5M

License:

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.

Asking Price: $350,000.00 (Overbid Hearing January 29, 2025, at 9:00 a.m. at the Contra Costa Superior Court)

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 CA LIC# 02077927

If you have any questions call Eric (858) 245-6324

Email: broker@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.