Dispensary, delivery, lounge; Desert Hot Springs, CA

Details

Listing #5179

Asking Price: $1,250,000

Operational Cannabis Dispensary, Marijuana Consumption Lounge and Delivery business available in Cathedral City, CA! The owner has invested over $1.5M to get the business where it is today factoring in licensing, buildout costs, etc. and has been operating for years becoming a pillar in the community. Located in the heart of Cathedral City, CA, the business gets a lot of traffic. The owner also has a fully licensed and invested about ~$500k to build-out the consumption lounge that is currently used to host cannabis promotional events! Like all operators in the area, business took a hit during the pandemic, however, over the years the owner has invested all profits back into expanding the business and marijuana consumption lounge. The marijuana consumption lounge has its own website and can be rented out as an events venue. The existing book of business provides an established customer base. The seller is ready to retire but has paved a fresh path for the new operator to continue growing the business!

In 2024 Governor Gavin Newsom signed Assembly Bill 1775 into law. As of January 1st, 2025 California allows cannabis cafés, where patrons can eat food, smoke marijuana, and watch live performances, similar to those in operation in Amsterdam. Licensed cannabis retailers can sell hot food and non-alcoholic drink, as well as, host live events like concerts.

• Lease Info:
  • ≈ 4,200 SF Combined
  • Manageable Rent: $7,200/Month | $1.71/SF
  • Term: 5 YRs w/ 5 YR Options
• Dispensary Space:
  • ≈ 3,000 SqFt (1,800 SqFt Showroom)
• Lounge Space:
  • ≈ 1,200 SF
  • Occupancy Permit Issued
  • 17-21′ Ceiling

Jason Piazza – License# 01405965 – WeCann