Marijuana Retail Storefront for sale in Palm Springs , CA 92240

Fully Operational Cannabis Dispensary, Consumption Lounge & Delivery Business For Sale (Palm Springs, California) #1678

Operational Cannabis Dispensary, Marijuana Consumption Lounge and Delivery business available in Cathedral City, CA! The owner has invested over $1.5M to get the business where it is today factoring in licensing, buildout costs, etc. and has been operating for years becoming a pillar in the community. Located in the heart of Cathedral City, CA, the business gets a lot of traffic. The owner also has a fully licensed and invested about ~$500k to build-out the consumption lounge that is currently used to host cannabis promotional events! Like all operators in the area, business took a hit during the pandemic, however, over the years the owner has invested all profits back into expanding the business and marijuana consumption lounge. The marijuana consumption lounge has it’s own website and can be rented out as an events venue. The existing book of business provides an established customer base. The seller is ready to retire but has paved a fresh path for the new operator to continue growing the business!

In 2024 Governor Gavin Newsom signed Assembly Bill 1775 into law. As of January 1st, 2025 California allows cannabis cafés, where patrons can eat food, smoke marijuana, and watch live performances, similar to those in operation in Amsterdam. Licensed cannabis retailers can sell hot food and non-alcoholic drink, as well as, host live events like concerts.

Details:

Space: 3,000 SqFt (1,800 SqFt Showroom)

Occupancy permit was obtained for the lounge

Rent: $7,200/Month

Lease: 5 YRs w/ 5 YR Options

Book of Business included in the sale

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: THE NEXT BIG THING IN THE CANNABIS INDUSTRY, you can open up a marijuana lounge. The move gives visitors a place to smoke or eat edibles, since many hotels and rental properties don’t allow for smoking. Similar to alcohol, cannabis can’t be consumed in public places. Licensed cannabis retailers can sell hot food and non-alcoholic drink, as well as, host live events like concerts.

Asking Price: $1,500,000.00 (Seller’s 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

Yesenia Jimenez, DRE LIC CA #02073168

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

Or Email: asm@glbgroupinc.com

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