192Listing ID: 244944GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $975,000
Status : ACTIVE
Size : 1269
Lot Size (Acres) : 0.33
APN : 687-311-022
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Recreational
City Tax Rate : cathedral city
Sale Type : Cash, Owner Financing
Utilities : Water, Electricity, Gas, Sewer, Trash
Company Name : Wilson-Meade Commercial RE
Phone : 7608371880

Wilson Meade is proud to present a fully licensed cannabis dispensary and delivery company, Mother Earth’s Farmacy for sale.

Business: $975,000.00

Terms: Cash*

 

Operational since 2017 with good standing City and State permits with no owed back taxes or expenses. The dispensary is located in a stand-alone, single story retail building (+/- 1,269 SF) fronting Cathedral Canyon Drive, one block from Highway 111. Layout consists of a waiting/reception area, retail floor, employee break room, managers office, product storage room with two safes. Included in the sale is all FF&E, including but not limited to safes, security systems, display cases, POS equipment, phones, computers and servers, televisions, furnishings, artwork and +/- $100,000 in inventory.

2019 Gross Revenue: $1,112,149 (no delivery)

2020 Gross Revenue: $1,353,658 (no delivery)

YoY Change: $241,509.00 INCREASE (21.7%)

HIGHLIGHTS

• Current moratorium for new dispensaries in Cathedral City South of the I-10.

• Located across the street from City Hall and brand new outdoor amphitheater hosting multiple events throughout the year.

• Located one block from newly constructed and now open Agua Caliente Casino.

• Included is delivery license with properly licensed and permitted 2015 Toyota Prius with all state required modifications including GPS, built-in trunk safe and refrigerator.

• Long term upside as cannabis industry becomes more accepted and even considered an “Essential Business” during current COVID pandemic.

Contact Listing Owner
Cannabis & Hemp Banking
Related Listings