Consumption Lounge License For Sale (West Hollywood, CA)

CannaMLS ID: 4657
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Price: $3,000,000


Listing Details


Listing Category
Other


Price: $3,000,000

Listing Status: For Sale

Amazing opportunity to get into the ground floor with a Consumption Lounge License in West Hollywood. Consumption Lounges are the next BIG thing in the Cannabis Industry! The location has phenomenal traffic counts and strong area demographics. The proposed interior experience will be green, sustainable, healthy and luxurious. The entry will feature a large plant wall, disguised through fitted glass in a clean and light filled space. The product menu could be carefully curated through a rigorous selection process. The business could offer a variety of curated plant- based beverages to mitigate any uncomfortable side effects of cannabis. The business is pre-revenues and not in operation. 

In 2017, the West Hollywood City Council adopted a cannabis ordinance allowing a variety of cannabis businesses to be licensed in the City. The City of West Hollywood has undertaken a robust, merit-based selection process for cannabis applicants.

Details: 

Total Space: 1,953/SqFt

Rent: $12,979.00 

Lease: 10 YR

New Owner would have to continue the build out and licensing process

Smoking, vaping, ingestion with on-site adult-use retail (sales of products to be consumed on-site)

Seller could assist with engaging with local artists to create interactive art installations in store.

License: 

Consumption Area, smoking, vaping, ingestion with on-site adult-use retail (sales of products to be consumed on-site).

Asking Price: $3,000,000.00 (Seller Open to Offers with the Right Group) 

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

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Or Email : eespinoza@glbgroupinc.com


Listing Details

Listing Status
For Sale

Location
West Hollywood, California 90001

Date Listed For Sale:
1/20/2021

Date Last Updated:
3/8/2021

Property Details

Pricing Details

Listing Price
$3,000,000

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