By Placerville News Wire Business Correspondent (November 1, 2023)
Placerville, CA – An exciting opportunity is on the horizon for entrepreneurs looking to enter the booming cannabis market. “Chuck’s Wellness,” a premier, fully operational cannabis dispensary located in the heart of Placerville, CA, has been listed for sale. With a price tag of $4,000,000, this turnkey business venture promises not only a foothold in a thriving industry but also an advantageous competitive position.
The Numbers Speak
The listing provides a glimpse into the business’s financial health. Chuck’s Wellness boasts impressive gross revenues of $4.6 million, a testament to its established customer base and robust sales. On an average day, the dispensary serves approximately 196 customers, with each transaction averaging $74.
Location Matters
What sets Chuck’s Wellness apart is its strategic location. Established in June 2021, it is one of only two licensed dispensaries within Placerville, a city surrounded by a county of nearly 200,000 residents. This limited competition provides a significant competitive edge and opens doors to a broad customer base.
But there’s more to its location: it’s strategically positioned on the route to popular tourist destinations like Apple Hill and South Lake Tahoe. This makes it a go-to choice for both locals and tourists, drawing visitors from Sacramento and the Bay Area. The dispensary is housed in a spacious 3,700 square-foot building, nearly double the size of most dispensaries, offering ample potential for expansion.
A Unique Opportunity
This thriving business isn’t just about the current success; it’s about capitalizing on the ongoing growth of the cannabis market. With limited competition and a prime location, Chuck’s Wellness offers an incredible opportunity to step into a flourishing venture and make it your own.
Key Details
- Price: $4,000,000
- Gross Revenues: $4.6 million
- Avg. # of Customers per Day: 196
- Average Ticket Sale: $74
- 40 parking places available
- Building Size: 3,700 square feet
- Monthly Rent: $6,349.23
- Long Term Lease in Place
So, for entrepreneurs seeking a fully operational turnkey cannabis dispensary with a competitive edge in a growing market, Chuck’s Wellness may just be the golden ticket. As the cannabis industry continues to expand, this opportunity stands as a gateway to lucrative ventures in a locale with limited competition.
