TurnKey Cannabis Dispensary & Cultivation Business For Sale (Cathedral City, CA)

CannaMLS ID: 5341
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Price: $2,900,000


Listing Details


Listing Category
Cultivation
Dispensary

License Status
Municipal / local license granted
State / annual license granted


Price: $2,900,000

Listing Status: For Sale

Amazing opportunity for a Fully Turn-Key Cannabis Dispensary & Cultivation business in Cathedral City (Population +55k). The business is fully licensed at the local and state level and has been operational for the last Four years. In the past 12 months the business has generated close to $3M in gross revenues. Cathedral City, colloquially known as “Cat City”, is a desert resort city in Riverside County, California, within the Coachella Valley. Situated between Palm Springs and Rancho Mirage, the city has the second largest population, after Indio, of the nine cities in the Coachella Valley.

Details: 

Total Space: 7,700 (Retail: 800 SqFt. Cultivation: 6,900 SqFt (Canopy 6k SqFt))

Rent: $2.20/SqFt

Lease: 10Yr w/ 10Yr Option

Power: 1200 AMPs

Wholesale Inventory: $105k

Employees: 4

Point of Sale System: LeafLogix

Assigned Parking Spaces: 15+ Street Parking

Customers/Patients: +5k in The System

165 Lights: 110 Flowering, 55 Veg lights with room to Double

Harvests Per Year: 5

Last 12 Months Revenues: 

Retail Gross Revenue: $870k

Cultivation Gross Revenue: $2.1M

Licenses: 

Retail: Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.

Cultivation: Growing Cannabis


Asking Price: $2,900,000.00 (Seller Open to Offers)

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 CA LIC# 02077927

If you have any questions Call Eric at (858) 245-6324 or Drew (619) 653-0483

Or Email : eespinoza@glbgroupinc.com or ceo@glbgroupinc.com


Listing Details

Listing Status
For Sale

Location
Cathedral City , California 92234

Date Listed For Sale:
7/12/2021

Date Last Updated:
7/21/2021

Property Details

Pricing Details

Listing Price
$2,900,000

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