Unique opportunity to acquire a Cannabis MicroBusiness that includes Distribution, Manufacturing Type 6 & Cultivation space in the nineteenth largest city in California, Modesto! Modesto is located near the central Valley of Fresno, which has recently permitted 14 Retail Dispensaries. The city of Modesto has a low cannabis tax rate of 4% of gross revenue for MicroBusiness receipts. This listing has a below market long term lease and the opportunity for expansion as a new owner could fully build out cultivation. This is a great opportunity for someone who is looking to expand their footprint in the Modesto Cannabis Market, while also taking advantage of the very nearby major markets, a multi-state operator looking to target a clean canvas or someone who is looking to enter the industry.
Currently the business is not operational, the new owner would have to continue the licensing and buildout phase in order to become operational.
Cannabis Businesses were labeled as essential businesses back 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:
Space: 3,000 sq ft
Building Space: 200k+ SqFt (New Owner Could Expand For Cultivation)
Rent: $2300/Month
Lease Terms: 5YR w/ 5YR Option
Parking Spots : Plenty of Parking
Power: 12,000 Volts
Not Operational (New Owner has to Continue the Buildout & Licensing Phase)
Licenses:
Manufacturing Type 6: Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.
Asking Price: $125,000.00 (Seller Open to Offers w/ 50% Down)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Elliot Cardenas, DRE LIC CA# 02138336
If you have any questions Call Elliot at (619) 770-2699
Or Email : elliot@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.