Asking Price: $4,700,000
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.
- 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