Fully Operational Cannabis Dispensary for sale. Amazing location for anyone looking to expand their Cannabis Retail footprint in Moreno Valley, Ca ( Pop. +200k). Moreno Valley is located in Riverside County and is part of the San Bernardino-Riverside Metropolitan Area.The city has undergone massive growth and it is the second-largest city in Riverside County by population, and one of the Inland Empires population centers. The business is fully licensed at the city and state level with their Provisional license in hand, representing greater value! The business has done over $1M in revenues since the start of the year, and is projected to do $3M in gross revenues and over $500k in Net Income.
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.
Moreno Valley Cannabis Tax: Up to 8% gross receipts from Adult-Use Sales and Medical Sales and 1% gross receipts for testing facilities
Space: 2,000 SqFt
Lease: Landlord Open to Long Term Lease
Local & State Licenses in Hand!
Revenues From 1/1/23- 4/23/23:
Gross Revenues $947k
Net Income $164k
On Pace to do over $3M Gross this year and over $500k in Net Income !!!
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.
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.
Asking Price: $2,200,000.00
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
Drew Mathews, DRE CA LIC# 02091143
If you have any questions call Drew (619) 653-0483
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.