ADD FREE LISTING

Fully Operational Cannabis Dispensary And Consumption Lounge Business For Sale (Coachella, California)

Coachella, CA, USA
APPLY FOR A BUSINESS LOAN
Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 694271

Posted on March 28, 2024 View Count 59

Price For Sale:
$899,000
Gross Revenue:
$167,003
Facility & Tenant Improvements:
Space: 8,100 Sq Ft (1,000 Sq Ft Restaurant) Rent: $28,462/ month (Restaurant Pays $5,692) Lease Terms: 10 Year Lease, Option for another 10 YR Option to Purchase Restaurant: $250k (Brand Not Included) Opened April 2023 Capital Invested: $1.8M Parking Spaces: 98 Employees: 6 All Employees Could Stay w/ New Owners Included Assets: Camera System, (9) POS Systems, Display Counters, Lounge Furniture, Office Furniture, Two Safes, Commercial Shelves, 2 computers, & 4 iPads
NDA Required:
Yes
Company Name:
Green Life Business Group Inc.
Phone:
(619) 653-0483
Email:
ceo@glbgroupinc.com
Description :

Don’t miss this lucrative opportunity to invest in a fully operational Dispensary and Consumption Lounge in Coachella, California! The current owners operate a bustling dispensary, occupying an expansive 7,100 Sq Ft at the front of the premises. This unique opportunity is also coupled with a restaurant which you have the option to purchase for $250k. The owners have invested $1.8M into the build out of the dispensary and consumption lounge. Uniquely, the property owner offers flexibility in leasing options, providing the opportunity to rent just the front unit for the dispensary and consumption lounge, while the restaurant can be subleased.

In terms of financial performance, the business demonstrates robust revenues, generating an impressive gross revenues of $1,031,437 beginning April 2023 to December 2023. Adding to the appeal of this venture is the rising popularity of cannabis smoking lounges. Similar to traditional bars but for cannabis products like flowers, joints, and edibles, these lounges offer a space for socializing and consumption for those of legal age. With the city now permitting consumption lounges and events, the owners have strategically left the back portion of the property open for the new operator to utilize as they see fit, offering significant potential for expansion and diversification in this booming industry. 

 

Revenues:

April-Dec 2023 Gross Revenues: $1,031,437
Jan-Feb 2024 Gross Revenues: $167,003

Details:

Space: 8,100 Sq Ft (1,000 Sq Ft Restaurant)
Rent: $28,462/ month (Restaurant Pays $5,692)
Lease Terms: 10 Year Lease, Option for another 10 YR 
Option to Purchase Restaurant: $250k (Brand Not Included) 
Opened April 2023
Capital Invested: $1.8M
Parking Spaces: 98
Employees: 6
All Employees Could Stay w/ New Owners 
Included Assets: Camera System, (9) POS Systems, Display Counters, Lounge Furniture, Office Furniture, Two Safes, Commercial Shelves, 2 computers, & 4 iPads 
 

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, medical cannabis and medical cannabis products as part of a retail sale.
Consumption Lounge: Smoke, vaporize and ingest cannabis or cannabis products on the premises of a retailer or microbusiness licensed under the division.
 

Asking Price: $899,000.00 (Seller Open to Offers) 

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.

State of the Art Profitable Cultivation Operation in Tulsa

Tulsa, OK, USA

Cultivation/ Production

Create an account

I Agree to 420Property’s Terms and Conditions and Privacy Policy

You must log in or sign up to use this feature. Please refresh this page if you have already logged in and this feature is not working. For technical assistance please contact us at: 866-742-0776
You must log in or sign up to use this feature. Please refresh this page if you have already logged in and this feature is not working. For technical assistance please contact us at: 866-742-0776

Contact Listing Owner

All Listings
Green Life Business Group Inc.
License:DRE CA # 02061374

420 PROPERTY SEARCH

Hemp Only Listings

Listings You May Also Like

Turnkey Annual Cannabis Distribution Business For Sale (Santa Cruz County, California)

Santa Cruz, CA, USA

Prime opportunity to establish your cannabis distribution business, in Santa Cruz, CA.  This 1,500 SqFt space is leased at just $3,000 a month, and w

Distribution

Cannabis Dispensary & Delivery CUP Approved Business For Sale (San Francisco, California)

San Francisco, CA, USA

Here’s a fantastic opportunity to launch or grow your Cannabis Dispensary Storefront and Delivery Business. We have a 1,500 sq ft space available, a

Retail Stores/ Dispensaries

Award winning Grow and Processing business

Edmond, Oklahoma, USA

Award winning, immaculate, turnkey grow and processing business for sale. Brilliantly located in the heart of Edmond, this operation has been in busin

Cultivation/ Production

Approved Commercial Cannabis Dispensary Business License For Sale (Ventura, California)

Ventura, CA, USA

Seize the chance to secure a spacious 1,941 sq ft retail storefront in a prime commercial area, perfect for launching your cannabis business. With fle

Retail Stores/ Dispensaries