Posted on November 23, 2022 / 61Listing ID: 495075APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $799,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 6197702699

Unique opportunity in the city of  Palm Springs (Population +45k) for a Retail, Delivery, Distribution and On-Site Consumption business! The business sits on a 5,500 Square Foot facility with 2,000 SqFt being allocated towards the Distribution and the seller has allocated 1,000 SqFt dedicated for a Consumption Lounge. The business is fully operational with $1M being put into the buildout and fixtures. The building is very close to the airport and has easy highway access and plenty of parking, making this a great destination shop for anyone looking to expand their retail footprint. There is an option to purchase the Real Estate for an additional $2.29M on top of the asking price, representing a greater value! The Business is not limited to making deliveries just in Riverside County, one could make deliveries as far as logistically possibly within the State of California. This is a perfect opportunity for someone who is looking to expand operations and target major markets to establish a larger footprint or someone who is looking to enter the industry.

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.

Details:

  • Space: 5,500 SqFt
    • Distribution Space  (2,000 SqFt)
    • Consumption Lounge Space (1,000 SqFt)
  • Rent: $11,500/ Month
  • Parking Spots: 40
  • Buildout & Fixture Investment: $1M
  • Retail & Distribution are Fully Operational
  • No Delivery Revenue
  • Opening Day was January 20th 2020
  • Close Proximity to the Airport
  • Option To Purchase Real Estate for $2.29M
  • Zoned for Retail, Non-Storefront Delivery, Distribution, Consumption Lounge

Real Estate Details: 

  • Asking: $2.29M
  • Total SqFt: 6,000 (est.)
  • Lot SqFt: 22,650
  • Buildout & Fixture Investment: $1M
  • Acreage: 0.53
  • Property Type: Industrial
  • Land Use: Light Manufacturing

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.
  • Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.
  • On-Site Consumption: THE NEXT BIG THING IN THE CANNABIS INDUSTRY, you can open up a marijuana lounge.  The move gives visitors a place to smoke or eat edibles, since many hotels and rental properties don’t allow for smoking. Similar to alcohol, cannabis can’t be consumed in public places.

Asking Price: $799,000.00 

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

Elliot Cardenas, DRE CA LIC# 02138336

Drew Mathews, DRE CA LIC #02091143

If you have any questions call Elliot (619) 770-2699 or Drew (619) 653-0483

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