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Frost Exotic Cannabis – Denver’s BEST Location

2949 West Alameda Avenue, Denver, CO, USA
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  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
  • Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 678996

Posted on February 22, 2024 View Count 300

Price For Sale:
$1,750,000
Gross Revenue:
$2,000,000
Real Estate:
Leased, Available for Purchase
Current Cannabis Business License:
Yes
License Type:
Recreational , Medical, Medical & Recreational
Rent:
$17,500
Size:
3,303 Sq. Ft.
Lot Size:
9,889 Acres
Power:
200 AMPS
Utilities:
Electricity, City Water, Sewer, Garbage, Natural Gas
City Cannabis Tax Rate:
8.31%
Facility & Tenant Improvements:
The retail store was taken down to a vanilla shell and fully rebuilt around 2015-2016. The premises is very well-maintained and in great shape.
Terms of Sale:
Cash, Owner Financing
NDA Required:
Yes
Growth and Expansion Opportunities:
Yes.
Reason for Selling:
The stakeholders are unable to agree on a long-term business plan and have decided to amicably dissolve their relationships and each invest elsewhere.
Support & Training Offered:
Available if needed and agreed upon.
Company Name:
Royal Asset Management, LLC
Phone:
‪(720) 335-5455‬
Email:
frostexoticcannabis@gmail.com
Description :

Frost Exotic Cannabis (“Frost Exotics”), Denver’s premier cannabis dispensary, formerly known as Diego Pellicer – Colorado, is a transformational cannabis retail concept that dares to reimagine the cannabis shopping experience, still brought to you by the dynamic and award-winning team that Denver knows and trust. Building on the experience that garnered a Cannabis Business Award for Best Dispensary/Center – Medical or Recreational and a Westword Reader’s Choice award for Best New Dispensary, Frost Exotics’ expanded on everything its customers had grown to love and appreciate about the former Diego Pellicer offering of the highest quality products while providing its customers with a new level of curated cannabis experiences. Frost Exotics digs deeper into providing leading brands and exclusive strains, having fun with creative and artistic aesthetic designs and colors, such a beautiful artistic 3D floating ceiling and walls, infusion of music and new lighting, unique local art, onsite product demos and popups, a loyalty program, and as always award-winning customer service. Frost Exotics is also one of the few dispensaries that actually offers delivery in Denver.

Contact email: frostexoticcananbis@gmail.com

  • Assets, Leases and Licenses
    • -2949 W Alameda Ave, Denver, CO 80219 (Master Lease-Sublease)
    • -12-Month Net Sales: ~$2M (as of 1/31/24)
    • -Any and all licenses and permits necessary to operate the business including:
      • MED: 402-01120; Denver: 2022-BFN-0009841 (Medical
      • Dispensary)
      • MED: 402R-00540; Denver: 2022-BFN-0014856 (Recreational Dispensary)
      • Delivery: MED: 605R-00032; Denver: 2022-BFN-0014856
    • -Any and all Inventory.
    • -All Fixed Assets used in the dispensary, including displays, storage, machinery, equipment, and software.
    • -All other retail assets, FFE, and IP included.
    • -Existing team to remain at buyer’s discretion.
    • -Any and all customer lists.
    • -Any and all intellectual property, trademarks, and proprietary rights.
    • -The goodwill associated therewith, all free and clear of any security interests, mortgages or other encumbrances.
    • -Buyer to enter into a new lease with the landlord. The real estate is available for sale with 50% seller financing. 
  • Structure:
    • -Proof of funds
    • -Asset Purchase Agreement
    • -Listing Price: $1,750,000
    • -Seller carry available with sufficient security, collateral, and/or guarantees.
    • -Funds in escrow at definitive agreement execution.
    • -Seller can provide an initial NDA and APA once appropriate.
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Tulsa, OK, USA

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