Listing ID : 643670
Posted on November 17, 2023 241
Operational turnkey cannabis dispensary available in Cathedral City, CA (Pop. +52k). The owner has invested over $700,000 into this business from licensing, buildout, upgrades, etc. representing a greater value! The business is is projected to generate over $500K in gross revenues this year from the retail outlet alone, not including deliveries. The new owner could apply for a delivery license if they want to have another revenue stream. Located in a well-allocated 1,050 sq ft space, the monthly rent is an affordable $3,500. A rarity in this industry, the lease includes no annual rental payment increases, offering a stable overhead for business planning. This dispensary has already established a solid foundation, making it an ideal platform for the new owner to build upon. Don’t miss this golden opportunity to acquire a operational, well-established business with significant growth potential!
Details:
Space: 1,050 SqFt
Rent: $3,500/Month
Lease: 5YR (Ends May 2027)
Lease: No Annual Rental Payment Increases
Parking Spaces: 6
Employees: 4-5
Wholesale Inventory: $80k
P.O.S. System: TREEZ
$100 in Upgrades Alone (Completed Oct 2022)
2022 Gross Revenues: $500,000
2023 YTD ( Jan-Sept) Gross Revenues: $400k
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.
Asking Price: $700,000.00 (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
Elliot Cardenas, DRE LIC CA #02138336
If you have any questions Call Elliot (619) 770-2699
Email: elliot@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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