Posted on January 4, 2022 / 150Listing ID: 323248APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $1,950,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc.
Phone : 619-972-5952

Great opportunity to acquire a Turn-Key Retail, Delivery and Consumption Lounge Business in the city of Cathedral City, California. The business is currently fully operational and is ready for a new owner. Facility is licensed both at the local and state level. All of the build out and compliance inspections are completed, the owner has approval from the fire chief, both local and state licenses in hand, all can be verified during due diligence. The Business is not limited to making deliveries just in Riverside County, one can make deliveries as far as logistically possibly within the State of California. The simplicity of home delivery provides the convenience that many consumers and patients appreciate with the benefit of quality cannabis products. 

Cannabis Businesses have been labeled as essential businesses back in March, 2020 meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

 

Details:

  • Space: Retail & Lounge 2,300 SqFt 
  • Rent: $7,500/Month 
  • Lease: 5 YR Lease
  • Parking Spaces: 10+  
  • Employees: 9 
  • POS: Indica Online 
  • Wholesale Inventory: $70k
  • Patient/Customer Database: 32k 
  • Avg Ticket #: $50-$59/Avg ticket 

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.

 

Asking Price: $1.95M  (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

Tom Milks, DRE LIC CA# 02064305 & Elliot Cardenas, DRE CA LIC# 020138336

If you have any questions call Tom (619) 972-5952 or Elliot (619) 770-2699 

Email: tom@glbgroupinc.com or elliot@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

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Cannabis & Hemp Banking