- City: Solano County
- State: California
- Country: United States
- Listed: February 18, 2019 2:21 pm
- Expires: None
Here we have a licensed and Permitted Recreational and Medical Dispensary opportunity in
Vallejo, Solano County, California(Option to buy Property). The cannabis market in Solano County has great potential for growth in the retail aspect seeing that there are only 11 licensed storefront dispensaries in the whole County and this is one of them, with a population of over 430,000 people. What separates this shop from the others is the presentation. Over half a million invested to completely remodel and renovate. The shop grosses $1.8 Million a year with a net of about $800,000 and comes with Wholesale Inventory. The the Vallejo Council has adopted it’s ordinance for Adult Use “Recreational” Cannabis in the recent months, and it is expected that sales will 3x when tin the near future. There are additional opportunities for Delivery, Cultivation and Distribution from the facility and it is located directly off of main street. This opportunity also includes Web, Google, Instagram, Facebook, and Twitter accounts with an audience in excess of 10,000 people per month, and growing. This Dispensary is located only a few miles from Six Flags and approximately 10 Miles from Napa Valley The current marketing team will continue working for the business to build out the brand, and continue the expansion of 12% month-over-month growth.
The City Council adopted Ordinance No. 1785 N.C. (2d)on February 27, 2018 to allow the 11 Medical Marijuana dispensaries in possession of a permit to operate as of October 1, 2017 to dispense and distribute recreational purposes, and deliver. These amendments came following the February 6, 2018 City Council study session on adult-use or “recreational” marijuana business in Vallejo.
Storefront: 1,500 sqft
Option to purchase property: $300,000.00
Reason for Selling: Looking to get in another aspect of the Industry
Asking Price: $4,500,000.00 (90% of CUP License)
This is an amazing opportunity to enter California’s fastest growing industry. If you are serious about moving forward with this opportunity, please contact
Lawrence (818) 266-9596
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
Video courtesy of Millennium Trust
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