Posted on December 10, 2021 / 141Listing ID: 313138APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $1,700,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc.
Phone : 858-245-6324

This is an operational Turn-Key Cannabis MicroBusiness Retail, Delivery, Cultivation, Manufacturing & Distribution Business for sale in the city of Cathedral City, CA! Cathedral City has a population of over 54k residents and over 2.5M residents throughout the county that the business could deliver products to with the Delivery component. So the new owner wont be limited to just the storefront sales. Right now only the Retail and Cultivation are operational, but the owners have licenses for Delivery, Manufacturing & Distribution, the building is also zoned for a Consumption Lounge license. Which the new owner could apply for after the acquisition.

Cannabis Businesses have been labeled as essential businesses back in March, 2020 meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Details:

Space: 8500 SqFt (Cultivation is 4,500 SqFt)
Rent: $30,390/Month
Lease Term: 5YR (4YRs in, expiring Jan 2023)
Parking Spaces: 20+
Power: 600 AMPs 3 Phase
Employees: 6 (Retail & Cultivation)
Wholesale Inventory: $50k
P.O.S.: Indica Online
Lights: 75 Lights (Plans Have 100 Lights)
(2) flower rooms 1 has 50 lights and the second has 21 lights
5 Harvests Per Year (About 880 lbs)
New Owner could apply for Consumption Lounge
Gross Revenues:

2020 Retail Only $500k+
2021 YTD Retail & Cultivation $600k+
Licenses:

Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or 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 medical cannabis products as part of a retail sale.
Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.
Cultivation: 5k SqFt Canopy
Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
Distribution- Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.

Asking Price: $1.7M (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

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Email: eespinoza@glbgroupinc.com

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Cannabis & Hemp Banking
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