Posted on May 23, 2022 / 96Listing ID: 402647APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $5,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 653-0483

Unique opportunity to acquire a Fully Turn Key Cannabis Retail Storefront business in the highly sought after state of Massachusetts! This business is strategically located in a tri-state area where Connecticut, Rhode Island and Massachusetts meet. Rhode Island and Connecticut do not have recreational dispensaries yet, bringing plenty of tourism from those states. The shop was designed to handle high volume, with 5 POS terminals in place and ample parking on site. The seller maintains good relationships with their vendors which allows for low cost inventory. These relationships, the brand and book of business would be passed on to the new operator along with an experienced staff. There is a lot of upside to this shop and with the right management team revenues and profit can increase significantly.

 

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. 

 

Details

  • Adult-use Retail Storefront License

  • Real Estate Included in the Sale (Real Estate Value Approx 2.5M)

  • Space: 3,200 Sq Ft Purpose-built Retail Facility

  • Lot Size: 2 Acres

  • Over 50 parking spaces.

  • 5 POS stations

  • Currently doing $250,000 in gross monthly revenues!!

  • # of Employees : 7 

  • Inventory and Equipment: $250,000

  • Brand and Book of Business included in the sale

 

Asking Price: $5,900,000.00

 

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.

Green Life Business Group, Inc DRE CA LIC# 02061374

Jeff Similien, MA License #CN200323

If you have any questions Call Drew at (619) 653-0483 

Email: nationwide@glbgroupinc.com

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary.

This listing is represented by (Local Broker) via the Green Life Business Group National Affiliate Program.

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Cannabis & Hemp Banking
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