Michigan Adult-use Vertical Storefront Business Opportunity W/Real Estate For Sale (Central Lake, Michigan) #773

  • $5,000,000

Business Description

Amazing opportunity to acquire a Turn-key Vertical Storefront that includes two properties! The first property is a Storefront Dispensary that is located in Central Lake, an area with no competitors nearby that is considered a high net worth seasonal tourist area surrounded by lakefront homes, most valued over $1M per home.  The second property, in Mancelona, is a full house vertical that is locally licensed for Volatile hydrocarbon extraction and for hosting cannabis events. The infrastructure is in place and ready to submit for licensure for a Storefront Dispensary and Consumption Lounge. This space is permitted for cultivation as well. The new owner would have to clear the land, add fencing and install cameras. The camera system was expanded to handle more than 100 additional cameras. All local permits have been granted and infrastructure is in place for the completion of all. This opportunity allows the new owner to develop a multiple revenue stream vertical in Mancelona combined with a downtown storefront in nearby Central Lake offers significant exposure for brand building while establishing consumer loyalty. All fixed assets and equipment are included in the sale

This is a great opportunity for someone who is looking to target a major cannabis market in Michigan, a Multi-State Operator looking to expand their footprint in the industry, or someone who is looking to enter the industry and acquire a turnkey business.

Details:

  • Licenses: (1) Recreational Retail Storefront License (1) Local Processing & Events License w/ Local Approval for a Retail Storefront, up to 5 class C grows, as well as a consumption lounge.
  • (2) Prime Real Estate locations & all fixed assets/equipment are included in the sale
  • 2021 Gross Sales: $100K gross sales in first 45 days!!
  • Employees: (5) employees which includes (2) salaried managers

 

Licensing:

Provisioning Center (PC): New Michigan legislation set up a framework for the licensing and operating of medical marijuana dispensaries, which Michigan refers to as “provisioning centers,” along with adult-use retail stores. It was announced that for the first 24 months, applications would only be accepted from currently licensed medical marijuana operators.

 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: $5,000,000.00

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Elijah Simkins, MI LIC #P83975

If you have any questions Call Yesenia (858) 633-3013 Or Email asm@glbgroupinc.com

National Affiliate Listings

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

Business Details

  • Price: $5,000,000
  • Business Type: Cultivation, Manufacturing Type 6 NON Volatile, Real Estate Property, Retail
  • Business Status: For Sale
  • Location: Michigan
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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Yesenia Jimenez, ASM
  • Yesenia Jimenez, ASM