Annually Licensed Class 5 Cannabis Dispensary Retail Storefront Business (New Jersey, USA) #1230

  • $4,999,000

Business Description

Great opportunity for a Cannabis Class 5 Dispensary business in the highly coveted state of New Jersey. The business sits on a substantial 12,000 SqFt facility that has secured full approvals at both the local and state levels. Notably, it holds the elusive Annual License, which is currently in short supply, adding significant value to the proposition.

Having navigated through the complexities of local and state jurisdictions, the current owner now possesses the Annual license, a critical aspect in the cannabis industry. The strategic location of the business, just one block away from the train station, enhances its appeal and accessibility. New Jersey is currently experiencing a surge in demand for cannabis-related opportunities, and this particular venture stands out due to its rare combination of a fully approved facility and the coveted Annual License. The scarcity of such licenses in the state adds to the overall value, making it an attractive prospect for potential buyers. The prime location of the business, combined with the scarcity of Annual Licenses in the state, makes it an ideal opportunity for individuals or entities seeking to expand their presence in the thriving New Jersey cannabis market. This could be particularly appealing for multi-state operators looking for a strategic entry point or those aiming to establish a significant presence in a region with high demand and limited available licenses.

Details: 

  • Overall Space: 5,000 Sq Ft (Retail Space: 3,000 Sq Ft Office Space 2,000 Sq Ft)
  • Rent: TBD
  • Ceiling Height: 8-20 FT 
  • Possible Upper Floor For Consumption Lounge
  • Parking Spaces: 12
  • Town Lot One Block Over with 200 Parking Spots
  • High Income Surrounding Areas
  • Class 5 Dispensary License
  • CRC License Local Approval
  • STATE ANNUAL LICENSE
  • On a Commuter Trail, Located One Block From a Train Station
  • Seller Also Open To Selling the Underlying Real Estate

Licenses:

  • Dispensary 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.

 

Asking Price: $4,999,000.00 (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

Russell Miller, NJ License #1007010

Gordon Sattro, DRE CA LIC #02136011

Elliot Cardenas, DRE CA LIC #02138336

If you have any questions call Gordon 858-220-2185 or Elliot 619-770-2699

Email: gordon@glbgroupinc.com or elliot@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by Local Broker via the Green Life Business Group National Affiliate Program

Business Details

  • Price: $4,999,000
  • Business Type: Dispensary Retail w/ Delivery, Seller Financing Available
  • Business Status: For Sale
  • Location: New Jersey
Green Life Business Group, Inc DRE CA LIC# 02061374
Pictures shown are for illustrative purposes only and do not represent the actual business, unless otherwise noted.

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