Marijuana Retail Business for sale in CA 92108

Premier High Revenue Cannabis Dispensary for sale in the high-demand San Diego market! This is an exceptional opportunity for the sale of a renowned cannabis dispensary in one of California’s most limited-license markets. In 2023, the dispensary showcased its robust potential by generating over $10.9 million in gross revenues through both in-store sales and a thriving delivery service. Its longevity and financial performance are testaments to its operational excellence and the explosive growth of the cannabis industry in the region. Positioned in one of the most coveted markets in the state, this business is not just a dispensary but a landmark in the San Diego cannabis scene. This 3,000 SqFt establishment, a staple in the community for over 10 years, offers a long-term lease, anchoring its presence in a prime location that’s become a major draw for both locals and tourists alike, seeing over 400 people a day. 

The purchase includes a turnkey operation with a loyal customer base and a proven track record of high revenues, offering the buyer a unique chance to take over a flourishing enterprise in a market where such opportunities are rare and highly valued. This sale represents more than just a transaction; it’s an invitation to own a piece of San Diego’s green rush legacy and to continue a tradition of excellence in a booming market. 

Revenues:

2022 Gross Revenues: $12.1M 

2023 Gross Revenues: $10.9M 

Details: 

Space: 3000 SqFt (Dispensary is 1,500 SqFt)

Rent: $40k/Month 

Lease: 15 YRs 

Point of Sale System: Cannabis Cloud

Wholesale Inventory: $800K 

Parking Spaces: 8 (Could be expanded to 20) 

Employees: 50 

Daily Avg Deliveries: 40 

Delivery Vehicles: Owned by the Business

Capital Invested: $3M 

Renovation Expansion Estimated Cost: $1M (The expansion will include all plans to add a second story, a new roof, new parking lot, a breezeway, a larger sales floor for the retail shop and about 300 extra SqFt

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: $5.9M (Seller Open to Offers w/ $6M Down) 

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

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 opportunity