Atomic Budz – Operational Dispensary + Consumption Lounge

Details

Listing #5299

Asking Price: $499,000

WeCann is pleased to exclusively present the opportunity to acquire Atomic Budz, an operational cannabis dispensary, delivery operation and fully built-out cannabis consumption lounge in Cathedral City, California.

Priced at $499,000, the offering provides an incoming operator with an established, licensed and extensively improved cannabis retail operation at a price comparable to many pre-operational dispensary opportunities.

Rather than undertaking the lengthy and expensive process of licensing, permitting, constructing and opening a new dispensary and consumption lounge, a buyer can acquire an existing operation with substantial infrastructure already in place.

PROPERTY & BUSINESS OVERVIEW

• Business: Atomic Budz
• Location: Cathedral City, CA
• Asking Price: $499,000
• Status: Operational
• Uses: Dispensary, Delivery & Consumption Lounge
• Total Usable Area: ±3,000 SF
• Sales Floor: ±1,800 SF
• Consumption Lounge: ±1,200 SF
• Rent: Approximately $7,200/month
• Improvements: Extensive existing buildout, infrastructure and FF&E

ATOMIC LAB CONSUMPTION LOUNGE

A major differentiator of this opportunity is the existing Atomic Lab Lounge, a fully built-out cannabis consumption lounge adjoining the dispensary.
The distinctive two-level space features high ceilings, multiple seating and gathering areas, televisions, custom artwork and an established layout capable of accommodating both everyday lounge customers and larger social gatherings.

The lounge has already hosted events and provides an incoming operator with an existing venue for customer engagement, entertainment and experiential cannabis retail.

California’s evolving cannabis consumption laws provide additional long-term potential. State law now allows qualifying consumption lounges to offer non-cannabis food and beverages and host live and ticketed events, subject to local authorization and applicable regulations.

As Cathedral City determines how these expanded uses will be implemented locally, Atomic Budz is already positioned with a purpose-built consumption space from which a new operator may be able to capitalize on the evolving cannabis cafe model.

FAVORABLE OCCUPANCY COST

Atomic Budz offers approximately 3,000 SF of total usable space for approximately $7,200 per month, providing a favorable occupancy cost for a cannabis retail operation that includes both a dispensary and dedicated consumption lounge.

The existing improvements and specialized cannabis infrastructure further reduce the capital investment that would otherwise be required to establish a comparable operation.

SIGNIFICANT OPERATIONAL UPSIDE

Atomic Budz is currently owned by an out-of-state operator and has historically operated substantially below its available operating hours.
The offering therefore represents an opportunity for an engaged, hands-on local operator to take control of an existing operation and improve performance through fundamental retail execution.

• Expanded and consistent operating hours
• Hands-on local management
• Improved inventory management and product availability
• More active local marketing
• Customer retention and loyalty programs
• Expanded delivery
• Lounge programming and events
• More complete utilization of the consumption lounge

Historical performance should be considered within the context of these operational limitations. The business is being offered primarily based upon the value of the existing licenses, location, completed improvements, infrastructure and established operation, rather than historical cash flow.

Acquire. Improve. Capitalize.
Acquire an established, licensed operation. Improve performance through active management and fuller utilization. Capitalize on the dispensary, lounge and infrastructure already in place.

A LIMITED-LICENSE MARKET

Cathedral City and the greater Coachella Valley are limited-license cannabis markets. New retail licenses are not readily available, making acquisition of an existing licensed operation the primary path to entering many of these markets.
For an operator seeking a retail presence in the Low Desert, Atomic Budz offers the opportunity to acquire an existing, operational dispensary and delivery business together with a fully built-out consumption lounge.

KEY INVESTMENT HIGHLIGHTS

• Operational cannabis dispensary
• Delivery capability
• Fully built-out consumption lounge
• ±3,000 SF total usable area: ±1,800 SF sales floor + ±1,200 SF lounge
• Favorable approximately $7,200/month rent
• Significant existing improvements and infrastructure
• Existing customer and operating history
• Consumption lounge event potential
• Potential future cannabis cafe opportunities, subject to local approval
• Significant upside through hands-on local management
• Asking price comparable to many pre-operational cannabis retail opportunities

CONFIDENTIAL SALE

Please do not contact ownership, management or employees regarding the sale. All inquiries and property visits must be coordinated through WeCann.

Contact WeCann for additional information, financial documentation, lease information and a confidential discussion regarding the acquisition opportunity.

Disclaimer: All information contained herein is provided for general informational and marketing purposes only and is believed to be derived from sources deemed reliable; however, no representation or warranty, express or implied, is made as to the accuracy, completeness, or current applicability of such information. Information presented may include regulatory, licensing, zoning, market, financial, and operational data, all of which are subject to change without notice. Prospective purchasers are solely responsible for conducting their own independent due diligence and are encouraged to verify all information with appropriate governmental authorities and professional advisors prior to making any investment or acquisition decision. This memorandum does not constitute an offer to sell or a solicitation of an offer to buy any security or investment.

Jason Piazza – License# 01405965 – WeCann