This is a great opportunity to acquire an operational retail storefront in the heart of Astoria. The shop is located on a busy main street that provides high exposure from daily commuters and tourists alike. This location is a major tourist attraction and along with being a college town. The building is 1750 Sq Ft and has parking on site. In 2021, the business generated $840k in Gross Sales. This is a great opportunity for someone who is looking to enter the cannabis industry into a fully turn-key operational business, a multi state operator looking to expand their footprint or an Oregon operator who is looking to expand business operations and locations.
Details:
License: Cannabis Retail Storefront
Rent: $5,091.40
Lease Term: 5 year lease
Space: 2,400 Sq Ft
2022 Gross Revenues: $732,005.89
2022 Net Income: $4,474.74
Employees: 5
License:
Retail Storefront: A retail license is required to service recreational patients. A dispensary or caregiver license is needed to serve medical patients. It is possible to hold both licenses by paying a “medical bump up” fee to the OLCC. However, the medical and recreational dispensaries must be separate buildings (or suites).
Asking Price: $850,000.00
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.
Scott Hite, DRE LIC OR# 201218627
Elliot Cardenas, DRE LIC CA# 02138336
If you have any questions Call Elliot at (619) 770-2699
Or Email : elliot@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
National Affiliate Listings
All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group National Affiliate Program.
