Class 5 Cannabis Dispensary, Consumption Lounge, & Delivery Licenses For Sale (New Jersey)

CannaMLS ID: 11989
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Price: $2,500,000


Listing Details


Listing Category
Dispensary
Home Delivery
Consumption Lounge

License Status
Provisional license granted


Price: $2,500,000

Listing Status: For Sale

Seize the chance to own a thriving cannabis enterprise in a prime location in Newark, NJ (Pop. +307k), featuring multiple licenses including a coveted Annual Class 5 License. This rare opportunity includes licenses for a cannabis Dispensary, Delivery Service & Consumption Lounge, providing a comprehensive foothold in New Jersey’s booming cannabis market. These Class 5 Annual licenses are in high demand. Especially considering the fact that the owner secured a 5-year lease with a 5-year option, eliminating property acquisition hurdles along with saving time and resources for the new owner. 

The new owner would have to continue the buildout and licensing process in order to become operational. The owner believes the estimated buildout cost to be around $250k. 

Details: 

Space: 1,850 SqFt

Rent: $5,500/Month + NNN

Lease Terms: 5 YR w/ 5 YR Option

Not Operational 

Estimated Buildout Cost: $250k 

 

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.

Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.

Consumption Lounge: Social lounge for smoking and vaping cannabis products along with edible and consumption.

 

Asking Price: $2.5M (Seller Open to Offers) 

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

Green Life Business Group, Inc DRE CA LIC# 02061374

Russell Miller, NJ License #1007010  

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

Email: asm@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 a Local Broker via the Green Life Business Group National Affiliate Program.

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.


Listing Details

Listing Status
For Sale

Location
New Jersey 07101

Date Listed For Sale:
2/14/2024

Date Last Updated:
4/12/2024

Property Details

Pricing Details

Listing Price
$2,500,000

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