14 Cannabis Dispensaries HIGHLY PROFITABLE (California) #1303

San Diego, CA
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Asking Price:$45,000,000
Gross Revenue:$22,666,180
BUSINESS DESCRIPTION

Commence on a lucrative journey with our exclusive California Giant Cannabis Dispensary Retail Portfolio, featuring 14 dispensaries strategically positioned in PRIME high traffic cities all over California. This portfolio has 10 stores in Southern California all PRIME LOCATIONS, and 4 stores in Northern California, making their mark on the entire State. Benefit from being in the largest cannabis market in the United States, with the geographic advantage of ensuring a broad customer base and operational synergy. Positioned as one of the largest cannabis retail companies in California, this portfolio offers not just dispensaries but with the option to acquire some of the real estate as well. Also includes a commercial microbusiness license.

Seize the opportunity to hit the ground running with a comprehensive package, including a meticulously curated inventory and an extensive book of business. Leverage the established reputation and customer loyalty to make your mark in the flourishing and ever-growing cannabis market. Don’t miss out on this extraordinary chance to be a large player in the future of cannabis retail!

Southern California Dispensaries:

Dispensary 1: City of San Diego
Annual Retailer – Adult & Medicinal
Space: 3,000 Sq Ft (Licensed) 3,475 Sq Ft Option to Expand
Rent: $20k / month

Dispensary 2: City of San Diego
Annual Retailer – Adult & Medicinal
Space: 5,074 Sq Ft (Licensed) Option to Expand 1,200 Sq Ft
Rent: $17k / month
Store 1 and 2 Combined 2023 Gross Revenue – $22,666,180.14

Dispensary 3: County of San Diego
County of San Diego License * Very Desirable Location
Non Operational
Space: 4,920 Sq Ft
Rent: $22k / month with 2% Gross
Expected Open Date: 8/1/24

Dispensary 4: City of San Diego
City of of San Diego License * Very Desirable Location
Non Operational
Space: 6,000 Sq Ft (Licensed) + 6,000 Sq Ft Common Area/ Expansion
Rent: $62k / month with 2% Gross
Expected Open Date: 8/1/24
Capital Invested: $350K

Dispensary 5: Palm Desert Area
Annual Retailer – Adult & Medicinal
Space: 10,000 Sq Ft Retail Space / 4,000 Sq Ft Distribution Space
Rent: $35k / month
2023 Gross Revenues: $2,800,999.52

Dispensary 6: Riverside County
Space: 3,978 Sq Ft
Rent: $20k / month
Expected Open Date: Just Opened
Capital Invested: $1.2M

Dispensary 7: Orange County
Non Operational
Space: 5,695 Sq Ft
Rent: $25k / month
Expected Open Date: 8/1/24
Capital Invested: $300K

Dispensary 8: Riverside County
Annual Retailer – Adult & Medicinal
Distributor License
Space: 5,889 Sq Ft Retail Space / 2,511 Sq Ft Distribution Space
Rent: $25k / month
2023 Gross Revenue: $1,766,428.60

Dispensary 9: Riverside County
Annual Microbusiness: Adult & Medicinal Manufacturing, Distributor, Cultivator, Retailer,
Nursery
Space: 5,000 Sq Ft
Rent: $11k/ month
Capital Invested: $700k
Only Using Nursery & Distribution License Currently

Dispensary 10: Riverside County
Non Operational
Space: 4,200 Sq Ft Retail Space / 250 Sq Ft Distribution Space
Rent: $15k/ month
Expected Open Date: 8/1/24
Capital Invested: $250K

Northern California

Dispensary 11: Bay Area
Non Operational
Annual Retailer – Adult & Medicinal
Space: 2,100 Sq Ft
Rent: $10k / month
Expected Open Date: 5/1/24
Capital Invested: $350K

Dispensary 12: Northern California
Non Operational
Annual Retailer – Adult & Medicinal
Space: 2,943 Sq Ft
Rent: $11k / month
Expected Open Date: 4/15/24
Capital Invested: $800K

Dispensary 13: Bay Area
Non Operational
Annual Retailer – Adult & Medicinal
Space: 963 Sq Ft
Rent: $15k / month
Expected Open Date: 4/15/24
Capital Invested: $300K

Dispensary 14: Northern California
Dispensary with Lounge
Annual Retailer – Adult & Medicinal
Space: 2,500 Sq Ft
Rent: $5k / month
2023 Gross Revenues: $704,976.44

Licenses:

Adult & Medicinal Annual Microbusiness: Manufacturing, Distributor, Cultivator, Retailer, Nursery
Commercial Annual Retailer – Adult & Medicinal

Asking Price: $45M with the Option to Buy the Real Estate for $8M


DETAILED INFORMATION
Location
San Diego, CA
Inventory
Not Included in asking price
Real Estate
Owned
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Eric
Espinoza
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Eric Espinoza