Palm Springs Dispensary and On-Site Consumption Lounge

Pricing Details

Full Buy Out Price:
$1,200,000
Buy In Price:
$1,200,000
Ownership Percentage:
65 %

Property Details

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

This unique investment/ownership opportunity for an Adult-Use Cannabis Dispensary and On-Site Consumption Permit is truly one of a kind. There are only two cities in all of Southern California that even allow on-site consumption and of those cities these licenses were heavily restricted. The licensed location is centrally located in Palm Springs and close to the both downtown districts. Palm Springs is tourist mecca specifically for massive music events such as Coachella, Stage Coach and Splash House. Currently about 2 million visitors vacation there annually which is the perfect demographic for a rare attraction of an on-site consumption lounge. For more information regarding this investment opportunity please email or call and once an NDA is executed the Business Deck will be sent.

Price: $1,200,000

Listing Status: For Sale

Details

Date Listed For Sale:
License Type: Adult Use Retail w/ Consumption

Location: California, Canada

Recreational: Yes
Medicinal: No

Listing Type

  • Dispensary

Terms And Options

The lease is an extremely favorable lease that starts at fifty cents (.50) a square foot and the landlord has agreed to granting $100,000 toward facility upgrades. The property is 4,000 square feet and if you do the math the monthly rent is only $2,000. The term of the lease if 10 years with two 10 year options and first right of refusal to purchase. Doesn't get any better than that.