Cannabis Consumption Lounge for Sale in Palm Springs

Posted April 2, 2025 in Cannabis Business Opportunities

Cannabis Consumption Lounge for Sale in Palm Springs

  • Location: Palm Springs, California
  • Asking Price: $350,000
  • Monthly Rent: $7,000/Month

Description:

This 2,200 square foot cannabis consumption lounge for sale in Palm Springs includes a dispensary and a delivery service set to launch within 30 days. The dispensary has been in operation for several years and benefits from a prime location in the heart of Palm Springs with high foot traffic. The purchase also includes an established customer base.

The seller reports $800,000 in gross revenue for 2023, with projections nearing $1 million this year. To support a smooth transition, the seller is offering 60 days of training for the buyer.

Business Features:

  • Space: 2,200 square feet
  • Rent: $7,000/Month
  • Lease: 5-year, with option to extend
  • Parking: 20+
  • Point of Sales: Greenbitz
  • Wholesale inventory: $125,000
  • Employees: 5
  • Monthly sales: $50,000 in gross revenue
  • Training period: 60 days

Included Licenses:

How Wicker Law Group Can Assist You: As your trusted legal partner, Wicker Law Group offers comprehensive services, including:

  • Drafting and negotiating purchase agreements
  • Providing guidance to achieve compliance with California cannabis regulations
  • Facilitating entity formation and corporate bylaws or operating agreements
  • Navigating cannabis licensing requirements
  • Conducting due diligence
  • Managing escrow requirements

Please note that listings can be sold or withdrawn at any time. To get more details, a non-disclosure agreement (NDA) and proof of financials are required. Contact Wicker Law Group to explore this cannabis business opportunity and receive expert legal guidance throughout the acquisition process.

Are you looking to invest in the cannabis industry? Wicker Law Group offers expert legal representation for purchasing licensed cannabis businesses in California. Our extensive network and industry knowledge connect buyers with premium cannabis business opportunities. (1713)