Listing ID : 828175
Listed On August 8, 2024 383
Listing Updated August 30, 2024
$1M Down Gets You In the Door!!!
Unique opportunity to acquire a fully operational high revenue producing retail business that sits on a building that is zoned for any license type. This cannabis facility sits on a 12,500 SqFt building and is located in Needles, a city in San Bernardino County (Population 2.1M), situated on the western banks of the Colorado River. Needles is located near the California border with Arizona and Nevada, and accessible via Interstate 40 and U.S. Route 95! In 2023 the business generated $4M in EBITDA! The building is zoned for any license use such as retail, delivery, consumption lounge, cultivation, distribution and manufacturing. The building has easy highway access and plenty of parking, making this a great destination shop for anyone looking to expand their retail footprint. This would be a great addition to any MSO or Publicly Traded company looking to expand into the Southern California markets.
California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state provisional license.
Details:
Retail Space: 4,500 SqFt
Total Building Space: 12,500 SqFt
2023 EBITDA: $4M
Option to Purchase Real Estate At a 10% Cap Rate
Zoned for Retail, Delivery, Consumption Lounge, Cultivation, Distribution & Manufacturing
Licenses:
Retail: 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: $7,900,000.00 (Seller Open to Offers, w/ $1M Down!!!)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE CA LIC# 02091143
If you have any questions Call Drew (619) 653-0483
Email: ceo@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
Listing Highlights
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Cannabis & Hemp Banking
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