Posted on May 16, 2022 / 215Listing ID: 399543APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $2,700,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (858) 633-3013

Great opportunity to acquire a turnkey operational cannabis storefront that includes the Real Estate! The real estate is valued at $2M. This is a Michigan-licensed, full-service recreational cannabis retail business that is currently generating revenue & has a cultivation tenant in one of the units bringing in additional monthly income. The dispensary has implemented curbside pick up and has established a loyal clientele of customers and patients. This opportunity includes all licenses, inventory and Real Estate. The business has plenty of upside growth potential with additional units that can be used to host events and pursue a production license or add another cultivation license! This is a great opportunity for someone who is looking to target a major cannabis market in Michigan, a Multi-State Operator looking to expand their footprint in the industry, or someone who is looking to enter the industry and acquire a turnkey business. 

 

Cannabis Businesses were labeled as essential businesses 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: 

  • Real Estate Valued at $2M

  • Total Space: 19,000 sq. ft.

  • Retail Space: 4,500 sq. ft.

  • Grow Tenant Space: 6,700 sq. ft. ($6k/mo Rental Fee w/4 year lease)

  • 2021 Gross Sales: $1.3M

  • 2022 is seeing 49%-52% margins

  • New website & app

  • Employees: 7 Full Time

  • Recreational and Medicinal

  • In process of obtaining additional Events License

  • Licensed both at Local and State Level 

  • Real Estate is included!

 

Licensing: 

 

Provisioning Center (PC): New Michigan legislation set up a framework for the licensing and operating of medical marijuana dispensaries, which Michigan refers to as “provisioning centers,” along with adult-use retail stores. It was announced that for the first 24 months, applications would only be accepted from currently licensed medical marijuana operators.

Class A Grower: While there is already a Class A grower category in the medical market, this recreational license is slightly different. It will allow the small grower — one growing up to 100 plants — to get into the market for a $4,000 license fee, allowing the caregivers who have been supplying medical marijuana to patients to enter the market more easily. This marijuana — seeds, small and large mature plants — can be sold to retail pot shops and processors, but owners can apply for only one grow license.

 

Asking Price: $2,700,000.00 (Seller Open To Offers)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Elijah Simkins, MI LIC #P83975

If you have any questions Call Yesenia (858) 633-3013

Or 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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