Licensed Cannabis Retail Store with Cultivation/Micro License

Cathedral City, CA (Riverside County) (Relocatable)

Licensed Cannabis Retail Store with Cultivation/Micro License
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Asking Price: $3,500,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $29,000 per Month

Established: 2018

Licensed Cannabis Retail Store with Cultivation/Micro License

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Business Description

Cannabis business for sale!

***Great business opportunity just minutes from Palm Springs, CA***

Retail Cannabis Dispensary and Full Cultivation setup in Cathedral City!!!

Micro license which includes Retail, Cultivation, Manufacturing, Distribution, Transportation and Delivery.

The cultivation is divided into 2 rooms. The small room currently has 21 lights that support roughly 500 plants. The big room currently has 55 lights that support roughly 1,300 plants. There are also three veggie rooms for growing and maintaining all the tin’s and baby flowers. Room to expand and add more lights.

The facility is over 7,500 square feet and comes with 20 plus parking spaces. The front of the facility is retail and takes up roughly 1500 square feet.

Current Lease has 2 years left with an option for 5 more years. Monthly lease for the 7,500 sqft. plus 600 sqft. bonus area is $29,000.

Asking Price: $3,500,000.00

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.

Exclusive Listing by JohnHart Real Estate

Rafael Gevorkian DRE CA LIC# 01783621 – (818)825-1817

Michael Melik-Bakchian DRE CA LIC#01914624 – (818)455-3601

Detailed Information

Location:
Cathedral City, CA
Real Estate:
Leased
Building SF:
7,500
Lease Expiration:
3/1/2028
Competition:
Palm Springs is a very popular vacation destination 12 months a year! With several casinos and high end Hotels, there's always something to do at any given day of the week! Subject property is couple of blocks away from Palm Springs that gets thousands of new visitors each year! Cannabis has been deemed as en essential item during this COVID19 and sales have surged! Great opportunity for the right owner/Investor!
Growth & Expansion:
This business has all the major licenses required to operate fully and be profitable! You can possibly add a lounge for visitors/clients to come and smoke at peace! License also allows for delivery services which the current owners are not utilizing.
Financing:
Cash Sale Only
Support & Training:
Owner will train for 21 days
Reason for Selling:
Other business opportunities
Business Website:
http://www.Mr818.com
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Michael Melik-Bakchian

Business Listed By:
Michael Melik-Bakchian

JohnHart Real Estate

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