Fully Operational Cannabis Retail Dispensary & Delivery Business For Sale (Moreno Valley, California) #637

Great opportunity for a Fully Operational Cannabis Retail Dispensary in Moreno Valley, Ca ( Pop. +200k). The business is in a great location, right off the freeway!!! Moreno Valley is located in Riverside County and is part of the San Bernardino-Riverside Metropolitan Area. The city has undergone massive growth and it is the second-largest city in Riverside County by population, and one of the Inland Empires population centers. The business is utilizing both the Retail & Delivery component, the new owner just has to take over existing operations. The business averages about $342k a month in gross revenues, in both recreational and medicinal sales. The business has 25 employees, all willing to stay on board with the new owner.

California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.

Moreno Valley Cannabis Tax: Up to 8% gross receipts from Adult-Use Sales and Medical Sales and 1% gross receipts for testing facilities

2022 Gross Revenues: 

• January- $336k
• February- $324k
• March- $371k
• April- $376k
• May- $379k
• June- $364k
• July- $327k
• August- $277k

Details:

• Space: 2,145 SqFt
• Rent $7,000/Month
• Lease: 5 YR w/ 5 YR Option
• Assigned Parking: 35 Parking Spots
• Employees: 25
• Wholesale Inventory: $200k
• Point of Sale System: GreenBits
• Avg Ticket Numbers: Store- $55/per order, Delivery $50/per order
• Customer/Patients: 5k+
• Customers Per Day: 200-300/ a day

Licenses:

• 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.
• Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.

Asking Price: $2.6M (Seller Open to Offers) 

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. 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

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