Recreational Dispensary in Riverbank, CA

Pricing Details

Full Buy Out Price:
$0
Buy In Price:
$0
Ownership Percentage:
0 %

Property Details

Property Attached:
No
Property Is Movable:
No
Property Is Included:
No
Has Buy-in Option:
No
Is Built Out:
No
Has Room For Expansion:
No
Operations Are Needed:
No

We have an amazing opportunity in Riverbank California, Riverbank is a desirable portion of Stanislaus County, Riverbank is about 10 miles from Modesto, CA and there are only 2 Dispensaries in the whole city. Stanislaus County has a population of over 547,000 people.  Located in busy old town Riverbank, in a historical building, opened only for 3 Months and has grossed over $100K. This is a turnkey lucrative Recreational Dispensary and the revenues and profit growth are increasing daily. City and State Temp licenses in hand and they have applied for an annual license. This is a free-standing building, 3300 sqft comes with a five-year lease plus 5 options, 25-year total long term lease. The location also has first right of refusal for another 3300 sqft right above it if the city approves Cannabis Lounge.

Details:

  • City and State Temp Licenses
  • Square Footage:   3300
  • Rent:                      $3875
  • Fixtures:               $60,000
  • Inventory:             $100,000
  • Employees:           9
  • Managers:              2
  • Seller financing available %70 down
  • Gross Revenue since opened (3 Months) $100K
  • City and State Temp Licenses

Asking Price: $2,900,000

 

DRE LIC CA # 02077928

Price: $2,900,000

Listing Status: For Sale

Details

Date Listed For Sale:
License Type:

Location: Riverbank, California 95367

Recreational: Yes
Medicinal: No

Listing Type

  • Dispensary