Nearly 10M Annual Grossing, High Traffic, Highly Profitable Premier Location Class 5 Cannabis Retail Storefront License For Sale W/ Option to Purchase Real Estate W/A Premium (South New Jersey) #1571

Take advantage of a prime opportunity with this Class 5 Retail Storefront License in a high-traffic South New Jersey location. This dispensary is already proving to be a dominant player in the market, with gross revenues projected to reach $9.6M in 2024. The business is positioned to capture significant market share,  with over 60,000 daily traffic exposure, in a state with a limited number of operational dispensaries, making it a frontrunner in the race to establish a foothold in the Southern New Jersey market.

Spanning 2,450 Sq Ft, the dispensary space is available for lease at $12,000/month (including NNN), with a flexible 5 year lease and an option for a 5 year renewal. The property has plenty of parking available,  ensuring convenience for customers. The business also includes $300K in wholesale inventory as part of the sale, representing a greater value. The current owner is committed to ensuring a seamless transition, offering post-sale training to the new owner. Additionally, the landlord is open to selling the building separately, providing an excellent opportunity for further investment. Don’t miss out on this rare chance to own a thriving dispensary in a prime, high-traffic location!

Revenues:

2024 Gross Revenues: $9.6M
2024 Gross Profit: $3.7M
Details:

Space: 2,450 SqFt
Rent: $12,000/Month (Includes NNN)
Lease: 5 YR W/ 5 YR Option
Wholesale Inventory Included: $300K
Seller is Open to Training Post Sale
Very High Traffic Location
Landlord Open To Selling the Building (separate deal to be made)

License:

Class 5 Cannabis Retailer: Purchase recreational use cannabis from licensed cultivators, manufacturers, or wholesalers and sell those items to consumers in a retail store.

Asking Price: $9,500,000.00 (Seller Open to Offers, w/ 50% Down!)

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

Drew Mathews, DRE CA LIC #02091143

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

Email: ceo@@glbgroupinc.com

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

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