Operational Cannabis Dispensary, Consumption Lounge & Delivery Business For Sale (Palm Springs, California) #1713

Operational Cannabis Dispensary, Consumption Lounge and Delivery business available in Palm Springs, CA! The owner invested $750k to get the business where it is today factoring in licensing, buildout costs, etc. and has been operating for years becoming a pillar in the community. Located in the heart of Palm Springs, the business gets a lot of traffic. The owner also has a fully licensed and built out consumption lounge with the delivery coming online within 30 days! In 2023, the business generated $800k in Gross Revenues and is on pace to do close to $1M this year, representing a greater value. The existing book of business provides an established customer base, making this a low-risk and high-potential investment for anyone looking to get in the cannabis retail market.

Palm Springs Recently Reduced Their Retail Cannabis Tax From 10%-5%

Details: 

Space: 2200 SqFt
Rent: $7k/Month
Lease: 5YR w/ Options
Parking Spaces: 20+ Back Parking
POS: Greenbitz
Wholesale Inventory: $125k
Employees: 5
Monthly Sales: $50k/Month in Gross Revenues
Training Period: 60 Days
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, medical cannabis and medical cannabis products as part of a retail sale.
Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Consumption Lounge: THE NEXT BIG THING IN THE CANNABIS INDUSTRY, you can open up a marijuana lounge.  The move gives visitors a place to smoke or eat edibles, since many hotels and rental properties don’t allow for smoking. Similar to alcohol, cannabis can’t be consumed in public places.
 

Asking Price: $350,000.00 (Seller’s Open to Offers, w/ $150k 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

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.