Lemonnade Dispensary Receivership (Antioch, CA)

Lemonnade Dispensary For Sale Through Receivership (Antioch, California) #1462

Lemonnade Dispensary For Sale Through Receivership (Antioch, California) #1462

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

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

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