Cannabis & Hemp Insurance

Price : $3,200,000
Listing Type : Retail Sales/ Dispensary
Status : ACTIVE
Size : 4700
Lot Size (Acres) : .43
Cannabis or Hemp Use? : Cannabis
Medical or Recreational : Both
Sale Type : Cash
Utilities : Water, Electricity, Gas, Sewer, Trash
Company Name : Cannabis Business Brokers, Inc.
Phone : 518-321-3708

Terrific opportunity to own and operate a cannabis dispensary in Riverside County, and own the land, for a discounted price.  This operating and fully licensed dispensary is well located in a heavily trafficked retail area, has ample parking and the ability to expand within the operating premises. Excellent for existing operators looking to expand or to add a depot location. Ideal for experienced, retail oriented investors. All interested parties will be asked to execute a NDA and show POF.  This is a cash only purchase; no notes or stock.  Buyer will be responsible for broker commission. Price includes .43 acres, with a 4700 square foot building and 20 parking spots. Buyer can instead purchase the license only and the first year’s rent prepaid for 1100 square feet of retail, for $749,000; in that case, Buyer and Seller will need to agree on the terms of a lease following the first year. Seller willing to train, if needed, during the ownership transition. This dispensary is located on a main street, in a heavily retail area.  It is adjacent to a shopping center and a gas station, and close to chain retail stores and restaurants.  Although it is just off a busy city intersection, it is easy to access and has plenty of parking.  Prominent signage could be added to enhance marketing. A buyer can use 1100 square feet existing retail space and sublet the additional 3600 square feet of retail space.  Or use the extra 3600 square feet, for expansion, delivery operations and/or a tasting lounge.  The discounted purchase price facilitates the allocation of buyer capital for appropriate upgrades to the existing retail space and the expansion of marketing efforts. NDA and POF required.

Contact Listing Owner
Cannabis & Hemp Banking

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