Turn Key Fully Operational Retail & Cultivation Business For Sale Includes Real Estate (Prudenville, MI) #595

  • $5,000,000

Business Description

Great opportunity to acquire a turnkey operational cannabis storefront and cultivation business in the highly desired city of Prudenville, Michigan. This is an Michigan-licensed, full-service recreational cannabis retail and medical cultivation that is currently generating revenue. The current owner is in the process of renewing the PC License as well as obtaining an additional 1k plant Recreational Grower License. The dispensary has already established a loyal clientele of customers and patients. Prudenville Michigan is known to be the number one vacation destination in Michigan. This opportunity includes all licenses, equipment and Real Estate. 

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. 

Cannabis Businesses were labeled as essential businesses in March of 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Details: 

  • Total Space: 8,000 sq. ft.
  • Retail Space: 3,200 sq. ft.
  • Grow Space: 4,780 sq. ft.
  • 2021 Gross Sales: $3.9M
  • Employees: 9
  • Recreational and Medicinal 
  • In process of obtaining additional Recreational 1k plant grower license
  • Licensed both at Local and State Level 
  • Real Estate is included!

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.

Class A Grower: While there is already a Class A grower category in the medical market, this recreational license is slightly different. It will allow the small grower — one growing up to 100 plants — to get into the market for a $4,000 license fee, allowing the caregivers who have been supplying medical marijuana to patients to enter the market more easily. This marijuana — seeds, small and large mature plants — can be sold to retail pot shops and processors processers, but owners can apply for only one grow license.

Asking Price: $5,000,000.00 (Seller Open To Offers)

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 (619) 433-5773

Or Email : nationwide@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 (Local Broker) via the Green Life Business Group National Affiliate Program.

Business Details

  • Price: $5,000,000
  • Business Type: Cultivation, 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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Elijah Simkins, (Michigan)
  • Elijah Simkins, (Michigan)