Cannabis Dispensaries For Sale in Perris and Costa Mesa
Posted January 14, 2025 in Cannabis Business OpportunitiesCannabis Dispensaries For Sale in Perris and Costa Mesa
- Location: Perris, California (Turnkey); Costa Mesa, California (Buildout)
- Asking Price: $10.8M
- Monthly Rent: $15,000/Month; N/A
Description:
This seller has two dispensaries for sale. The purchase includes cannabis dispensaries for sale in Perris and Costa Mesa. The Perris location is a turnkey opportunity, and the Costa Mesa location has not yet begun construction.
Perris Dispensary – Turnkey Opportunity
The Perris location offers a 3,000-square-foot building with a 1,200-square-foot med room, situated on a 1.5-acre plot of land. This business operates in a high-traffic, high-visibility area near a major freeway off-ramp, with the potential to add additional signage visible from the freeway.
The sale includes $500,000 in inventory, a team of 25 employees, including 4 managers, and over 100 designated parking spaces. Currently functioning as a storefront dispensary, the business has the potential to expand into delivery services.
The seller reports 2023 revenues of $13 million, generating a net income of $3 million. As the property owner, the seller has also expressed willingness to sell the real estate in addition to the asking price.
Costa Mesa Dispensary – Buildout Opportunity
The Costa Mesa location will feature a 3,578-square-foot facility, with construction scheduled to begin in May 2025. Buyer is responsible for the buildout, however, the seller has indicated they are available to assist with the build-out for an additional fee.
This purchase includes the real estate, which the seller values at $6.5 million. Alternatively, the license can be purchased separately without the real estate for $1.5 million.
License Features:
- Perris Location:
- 2023 Gross Revenues: $13,579,490.16
- 2023 Net Income: $3M
- 1.5 acres of land
- Building space: 3,000 square feet
- Med room: 1,200 square feet
- Rent: $15,000/Month
- $500K wholesale inventory included
- 100+ parking spaces
- 25 employees, including 4 managers
- Seller indicates business operates on an absentee ownership model
- Ability to add signage visible from the freeway
- Seller is willing to sell real estate for additional price
- Costa Mesa Location:
- Space: 3,578 square feet
- Needs to be built out
- Seller can help buyer complete build out for an additional cost
- Real estate valued at $6.5M
Included Licenses:
- Retail Storefront
- Non-Storefront Retail Delivery
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.