Posted on May 31, 2022 / 10Listing ID: 406045APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance

The Owner, ASHE, has secured rights to 1 of 15 coveted lounge permits in West Hollywood through a highly competitive process. Recently the Permit received its Business Commission Approval which is a major milestone in West Hollywood cannabis permitting. With a renegotiated lease in place, the Owner now has a clear path towards achieving operational status. The Permit may be moved, and the business concept may be altered to meet a buyer’s, or partner’s, vision.

 

·      Approved Permit Allows:

o   Edible Lounge

o   Smoking Lounge

o   Onsite Sales

·      Options For Operators & Investors:

o   Investor: 40% Equity Upon Investment

o   JV: 41-65% Equity Upon Purchase

o   Operator: 85% Equity Upon Purchase

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·      Strong 3-Mile Demographics

o   Population: 312,000

o   Strong Income: 50% over $100k/yr

o   Educated Population: >80% college educated

o   Youthful Population: 50% ages 20-50

·      Entertainment Driven City

·      Ability to Move and/or Amend Permit Approval

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