Posted on April 14, 2022 / 80Listing ID: 384763APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $3,999,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 433-5773

Great opportunity to acquire a retail storefront in the heart of Umatilla County that is conveniently located off of the main I-84 highway. This is a fully licensed Medical and Recreational Turnkey Cannabis Dispensary that is known for its excellent customer service. Along with their strategic location, they have established themselves in the community and have been operational for over 5 years. The brand and book of business are included in the sale.

 

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:

  • License: Retail Storefront

  • Space: 2890 Sq Ft

  • Rent: 8,500/mo NNN

  • Lease: 10 yrs w/ 10 yr option

  • # of Employees: 8 Fully seasoned staff

  • 2021 Gross Sales ≈ $3.42M (EBITDA≈ $1.48M)

  • Recreational and Medicinal 

  • Licensed both at Local and State Level

 

Licensing:

Retail Storefront: A retail license is required to service recreational patients. A dispensary or caregiver license is needed to serve medical patients. It is possible to hold both licenses by paying a “medical bump up” fee to the OLCC. However, the medical and recreational dispensaries must be separate buildings (or suites).

Asking Price: $3,999,000.00 (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.

Scott Hite, DRE LIC OR# 201218627

If you have any questions Call Scott at (619) 433-5773

Or Email : nationwide@glbgroupinc.com

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Cannabis & Hemp Banking
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