Operational Retail Store Front, Strong Financials, Optional Lounge

CannaMLS ID: 7488
Save Listing

Price: $5,400,000


Listing Details


Listing Category
Dispensary
Home Delivery
Consumption Lounge

License Status
Conditional use permit granted
License application submitted
Municipal / local license granted
State / annual license granted

Adult Use
YES

Price: $5,400,000

Listing Status: For Sale

Turnkey Operational retail store front in Palm Springs. The business is generating stable income throughout the year with increases during seasonal upticks in tourism. The optional lounge could be expanded with the right lease of an additional suite. The dispensary is located in a commercial area with many anchor retail stores, residential and the international airport. The current operator has built a strong brand in this great location with a strong management, marketing, and customer base.

Financials, address, and due diligence available upon approved buyer and after signing NDA and providing proof of funds.

 

Priced to Sell (Price is supported by the financials, TI’s and Inventory)

Excellent Top & Bottom Numbers

Operational for over one (1) year

Well established brand (that can be kept, pending additional negotiations).

$10,000/m rent

2000 sq ft space

Additional Space for Expansion (subject to landlord)

$650,000 in TI’s

$550,000 in Inventory

Employees can stay

Strong sales especially during season peaks


Listing Details

Listing Status
For Sale

Location
Palm Springs, California 92264

Date Listed For Sale:
10/3/2022

Date Last Updated:
10/3/2022

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
2000 sq ft

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$5,400,000

Property Lease Rate
$10,000/month

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