Marijuana Dispensary Storefront for sale in CA 95404

Seize the chance to own a thriving cannabis business in the heart of Santa Rosa, CA (Pop. 176k)! This fully established dispensary has generated $2.2 million in gross revenues from January to November 2023. Boasting a spacious 8,000 SqFt facility, 1,600 SqFt of it is allocated to the Dispensary showroom, the business is fully licensed at both the city and state levels for Dispensary. The business is also licensed for Delivery, but the owners are not utilizing the Delivery component. The new owners could implement the license and be able to deliver as far as logistically possible to consumers. 

The owner has strategically secured a long-term lease at an unbeatable rate of $16,000, including all CAM expenses. With a total investment of $1.3M, the business is meticulously built out, offering a turnkey operation for the next owner. Santa Rosa’s advantageous low tax rates for cannabis businesses make this opportunity even more enticing. Capitalize on this opportunity and cannabis market in a city with a welcoming regulatory environment. 

Revenues: 

2022 Gross Revenues: $3.2M 

2023 Gross Revenues Jan-Nov: $2.25M 

Details: 

Space: 8,620 SqFt (Retail Showroom 1,600 SqFt)

Rent: $13,943/Month + CAM ($15,993/Month) 

Lease: 5 YR Lease w/ (3) 5YR Options 

Employees: 12

Point of Sale System: Blaze 

Wholesale Inventory: $164k

Patients/Customers in Database: 43k

Parking Spaces: 20

Capital Invested into Business: $1.3M 

Also Included in Sale: PCs, Ipads, scanners, printers, security equipment, TVs

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.

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: $1.2M (Seller Open to Offers w/ $1M)

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.