CannaMLS ID: 19142
Created | Updated
Price
$ 685,000
High-end dispensary, delivery, and consumption lounge for sale in Cathedral City, CA. Turnkey operation.
Property is: For lease
Property type: Retail
Purchase price: $ 685,000
Monthly lease rate: $ 7,005
Zoning: industrial
Building size (sq ft): 3,000
Ceiling height (ft): 21
Parking spots: 14
High end boutique dispensary and delivery and consumption lounge (3000 sq ft) located on a busy street. Well established dispensary with newly opened consumption lounge. Consumption Lounge has 8 monthly events that take place and half occur 2x a month. Great community events attracting locals and visitors. See AtomicLabLounge.com for more info and pictures of events. The 1800 sq ft sales floor includes nice matching sales cabinets and two security stations and 3 POS stations. Best of all it has a custom epoxy floor. The office with security monitors, commercial color copy machine/large group desk. The inventory room has tall, steel matching/locking cabinets/additional lockable cabinets/desktop computer/large safe/window POS check out with custom recycled glass countertops through out the 3000 sq ft. There are two really nice ADA bathrooms. The staff breakroom has fridge/cabinets/stainless steel industrial sink. Building the lounge created more real estate you will own and not be paying rent on it when you buy the license. The lease is assumable at my current rate ($7068 mo. includes NNN) and another 5 year extension. The lounge gets audible oohs and ahhs constantly! Its a two level open concept with 21 ft ceiling and clerestory windows and big stacking windows ceiling to floor. Dab Bar with custom recycled glass bar top/fridge/sink/storage cabinets/vintage cabinet/mid century etarge/freezer/snow cone machine/high end couches and Did I mention it has a restored phone booth for a hot box?
Extra: Brand. Social Media. Websites. Inventory. We have great social media presence with 5 accounts total (2-FB/2-IG/2-TikTok. Also have 2 websites (one with built in store from POS not weed maps). This price pay off all existing PSGC INC debt. Its a great plug and play opportunity to take it to the next level. We have been operating at 60% capacity since the pandemic. Total monthly fixed and variable operating costs = approx $27K. doesnt include ordering inventory.
Property is: For lease
Property type: Retail
Purchase price: $ 685,000
Monthly lease rate: $ 7,005
Zoning: industrial
Building size (sq ft): 3,000
Ceiling height (ft): 21
Parking spots: 14
Looking for cannabis friendly financing, real estate loans, or growth capital for your business? Click here to get started!