As you may be aware, Bay City has recently become a desirable destination for investors who wish to provide quality Cannabis procurement to Mid Michigan and surrounding areas. Per our Google search, there are no dispensaries near ours on our side of the river, which is the hotspot of downtown Bay City. Also, we have been able to secure the very last dispensary license in Bay City in that prime area strategically located on Garfield road, which is a main street leading to Uptown and Downtown Bay City. Uptown and Downtown Bay City are located on the east side of Bay City and have been targeted as economic development growth areas which continue to grow and prosper. Also, be advised that Garfield road, where this dispensary is located, will be dramatically increasing in traffic volume as the south end bridge will be the only one of the three Bay City bridges available without paying a toll to cross over to the Uptown and Downtown Bay City areas. Therefore, the natural flow from I-75 to the Uptown and Downtown Bay City areas will route traffic using Garfield road.
This dispensary sale includes the dispensary license, two adjacent lots (800 Garfield) on a corner with the backlot (414 19th Street) which has been recently demolished. This backlot is targeted to be used for parking as documented in the architectural plans. This sale includes a building on the front lot that can be utilized or demolished if new construction is desired. These lots are 100 by 100 combined in size with a city access road at the end of the back lot and the main building on the front lot facing Garfield road. This sale also includes the LLC and Domain Name (medleafpharm.com). Therefore, all of the legwork for your new dispensary business is already in place!
As we understand it, the dispensary license alone sells for around $250,000 and we obtained the very last one. Our attorney says we should hold on to it, but we have decided to entertain offers for this dispensary in it’s entirety.
The sale of our dispensary would include the following:
1. Dispensary license
2. Property & existing structure of front lot
3. Property of back lot with the demolition of all structures completed
4. Dispensary name with LLC
5. Dispensary domain name
Please know in addition to owning and maintaining the front lot and structure, we have incurred the following costs to obtain what was required for the dispensary license:
1. Bay City License Application Fee: $5,000
2. Attorney Fee: $5,000
3. Architectural Drawings Fee: $7,500
4. Acquisition of demolished back property
5. Additional fees for LLC, Domain Name, Hosting, etc.
Also, note the time and effort to pull this all together to have a full package offering of this dispensary, as all of the legwork has been done.
Be advised the medical municipal license is easily transferred and a recreational license is also an option for this dispensary location.