This is being sold by way of court ordered receivership and is subject to court confirmation

Discover a once-in-a-lifetime opportunity to acquire a piece of Oakland’s rich history with this fully operational dispensary located within a stunning historic movie theater. Now available for sale through receivership, this opportunity presents not just a business but a chance to be part of Oakland’s cultural resurgence. Originally built as a movie theater and renovated in 2018 into a cannabis dispensary, this Oakland Landmark is a testament to the city’s vibrant past and progressive future. The unique layout includes space for a street-side quick-serve restaurant, allowing for additional revenue streams. Moreover, the theater area is primed for restoration into a movie theater or transformed into a dynamic community event center complete with a stylish consumption lounge.

In 2023, this business achieved an impressive $2,570,088.00 in net sales, , with minimal marketing and owner insight. The 12,000 SqFt building currently utilizes 2,000 SqFt for the dispensary, leaving significant room for expansion and creative development. Imagine the possibilities of converting the remaining space into a charming restaurant, a state-of-the-art movie theater, or a community hub hosting diverse events. What sets this listing apart is its status as a receivership sale, ensuring a smooth and transparent transaction for prospective buyers. This clean deal structure eliminates uncertainties, making it an ideal investment opportunity in today’s competitive market. Don’t miss your chance to own a piece of Oakland’s cultural heritage while capitalizing on the booming cannabis industry. 

 Revenues: 

2023 Net Sales: $2,570,088.00

Details: 

Space: 12,000 SqFt est.
Estimated Dispensary & Office Use: 2,000 SqFt 
Lease: – Dec 31st ‘28 w/ (2) 5 YR Options
Rent: $12,061.48/ Month w/ 3% Annual Increases 
Approved Uses: Cannabis Dispensary, Restaurant, Movie Theater, Community Center & Cannabis Consumption Lounge

License:

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. 

Asking Price: Call For Offers Due By August 16th, 2024

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Eric Espinoza, DRE CA LIC# 02077927

If you have any questions call Eric (858) 245-6324

Email: broker@glbgroupinc.com

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