123Listing ID: 243813GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Listing Type : Retail Sales/ Dispensary
Status : ACTIVE

Great opportunity for a Dispensary, Delivery & Manufacturing Business in the city of Palm Springs. Sellers have already put in $1M into the build out so far. The facility is in a prime location on a busy road with plenty of visibility. Close proximity to the Palm Springs International Airport, less than 10 minutes away. Palm Springs has a population of over 48k residents and over 2.5M residents throughout the county that the business could deliver products to from the Non-Storefront Retail  license.

There are 2 additional options of moving forward with this opportunity: 

  1. Option To Use Brand: New operator could use Seller’s existing brand for 10% of the Net Profits or 5% of the Gross Profits. This option will reduce the asking price to $2.5M, and will also include operational support systems from the Seller. 
  2. New Operator Continues the Buildout: There is only $350k needed to complete the buildout. The Seller is prepared to take OFF $500k from the asking price, if a group moves forward and continues the buildout phase themselves within the next 21 Days.

Details: 

  • Space: 6,000 SqFt (3k Sqft Upstairs, 3k SqFt Downstairs) 
  • Rent: $15k/Month 
  • Buildout: $1M has gone into the Buildout so far 
  • Seller Financing Available w/ 50% Down 
  • Building is also zoned for Distribution that could be approved locally and through the state. In the interim, Seller can offer passthrough distribution services at no additional cost through another of their SoCal distribution hubs.

Licenses: 

  • 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, cannabis and cannabis products as part of a retail sale.
  • Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.
  • Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).

Asking Price: $2.99M (Seller Financing Available w/ 50% Down)

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

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Or Email : eespinoza@glbgroupinc.com

Contact Listing Owner
Cannabis & Hemp Banking
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