Unique opportunity to acquire a Cannabis Type N business in Palm Springs, CA. The business is currently licensed by the city and state. The space is also zoned for distribution adding a greater value which the new owner can apply for. Sellers have locked in a 5YR lease on the location, with 3 years left and a 5YR option. The rent is $7,500 /month including campus security. Type N businesses have recently had a spike in demand due to the new market of consumers that infusion of products has been able to open. This is a great opportunity for someone who is looking to expand their footprint in the Palm Springs Cannabis Market, while also taking advantage of the very nearby major markets or someone who is looking to enter the industry.
Cannabis Businesses were labeled as essential businesses back in March of 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.
Looking for Funding?
Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.
Asking Price: $225,000.00 (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
Tom Milks, DRE CA LIC# 02064305
If you have any questions call Tom (619) 972-5952
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.