Profitable Operational Dispensary with Strong Financials

Palm Springs, CA 92264, USA
$4,700,000

Details

Listing 4577

Asking Price: $4,700,000

Operational Dispensary

Well established retail store front in Palm Springs, located near multiple hotels, resorts, restaurants and bars. The traffic in the immediate area drives locals, tourists and the bottom-line income alike.  Open for 2 years, the new owner will inherit a thriving business as well as a great team of employees, inventory and customer base.

Financials, address, and due diligence available upon approved buyer and after signing NDA and providing proof of funds.

Highlights

  • Priced to Sell (Price is supported by the financials, TI’s and Inventory)
  • Excellent Top & Bottom Numbers
  • Based on a 0.75 Gross Revenue Multiplier
  • Operational for over two (2) years
  • Well established brand (that can be kept, pending additional negotiations).
  • $4,000/m rent
  • 762 sq ft space
  • $300,000 in TI’s
  • $450,000 in Inventory
  • Employees can stay
  • Strong sales especially during season peaks

Term of Purchase

  • Asking Price: $4,700,000

Miklos Campuzano – Cannabis Real Estate Consultants – DRE# 02072292

  • ID: 9682
  • Published: September 23, 2022
  • Last Update: October 24, 2022
  • Views: 250

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