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West Hollywood Consumption Lounge License

CannaMLS ID: 6823
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Price: $1,500,000

Listing Details

Listing Category
Consumption Lounge

License Status
Conditional use permit granted

Price: $1,500,000

Listing Status: For Sale

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:
    • Edible Lounge
    • Smoking Lounge
    • Onsite Sales
  • Options For Operators & Investors:
    • Investor: 40% Equity Upon Investment
    • JV: 41-65% Equity Upon Purchase
    • Operator: 85% Equity Upon Purchase


  • Strong 3-Mile Demographics
    • Population: 312,000
    • Strong Income: 50% over $100k/yr
    • Educated Population: >80% college educated
    • Youthful Population: 50% ages 20-50
  • Entertainment Driven City
  • Ability to Move and/or Amend Permit Approval

 

Pricing: $1,500,000 for 50.99% Equity

 


Listing Details

Listing Status
For Sale

Location
California 90048

Date Listed For Sale:
5/31/2022

Date Last Updated:
9/23/2022

Property Details

Pricing Details

Listing Price
$1,500,000

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