Posted on May 3, 2022 / 36Listing ID: 393924APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance

This is a great opportunity for someone who is looking to start or to expand their Retail & Delivery footprint in Riverside County! The owner has both local and state licenses in hand, making this a truly turn-key business opportunity. The dispensary is being sold with the delivery component. Owner currently has a second suite next door with a fully operational Distribution Business that is also zoned for Cultivation and Manufacturing allowing all operations to be under one roof. New owner could have the option to negotiate and acquire the second suite and business allowing for a fully vertically integrated system. Palm Springs is one of the most desired markets in Riverside County!

Cannabis Businesses were labeled as essential businesses back in March of  2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open. California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state license.

Details: 

  • Space: 2,700 SqFt
  • Rent: $7,375
  • Parking Spaces: Plenty of parking in front
  • 2020 Gross Sales: $2M
  • 2021 Gross Sales: $2.6M
  • ​​Office Security: Monitored alarm system, safe, secure product storage room & security cage, and security cameras.

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: $2,400,000.00 (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

Elliot Cardenas, DRE CA LIC# 02138336

If you have any questions call Elliot (619) 770-2699 

Email: elliot@glbgroupinc.com

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

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Cannabis & Hemp Banking
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