Great opportunity for a Delivery company to add an additional location and/or license HUB to maximize revenue, in Southern California. The business is located in Palm Springs, CA (Population 49k), just under 2 hours away from major markets like Los Angeles, San Diego and Orange County. Currently the delivery business is not operational but is fully licensed both at the local and state level (Provisional License), representing a greater value!
The facility has great access in and out, and has a high end security system in place. The delivery space is 750 SqFt, owner has a long term lease in place with rent being $3,500/Month for the new management company plus utilities. The owner is not looking to sell the business or licenses, they are only interested in entering into MSAs with certain qualified groups.
Under a Management Service Agreement (“MSA’s”) a company could operate under an already licensed cannabis business, in order to expand in new markets, save startup costs on applying or purchasing their own license, etc. The new company that enters into a management service agreement will have to pay Management Fees such as an Initial Fee, Rent, etc. all depending on the scope, space required based on the company’s needs.
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.
- Space: 750 SqFt
- Rent: $3,500.00/Month (Not Including Utilities)
- Parking Spaces: 2 + Street Parking
- Use: Recreational & Delivery
- Owner is Not Selling the Business or License
- Manager To Provide Company with Complete Transparency and Metrc Oversight
- Manager to Pay Monthly Expenses Including Rent/Security, Utilities, Payroll and Insurance for Delivery Drivers and Vehicles, Banking Fees, etc.
- Company will have oversight with the Manager regarding compliance inspections, monthly tax remittance forms, driver and vehicle records, etc.
License: Retailer Non-Storefront License: Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Initial Management Fee: $50,000.00
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
Eric Espinoza, DRE LIC CA# 02077927
If you have any questions Call Eric at (858) 245-6324
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.