Cannabis Dispensary and Lounge for Sale in Palm Springs

Palm Springs Cannabis Dispensary, Delivery, and Lounge for Sale

• Location: Palm Springs, California
• Asking Price: $1.5M
• Monthly Rent: $7,200/month

Description:

This opportunity presents a fully licensed cannabis dispensary, delivery service, and consumption lounge for sale in Palm Springs. The 3,000-square-foot facility has been operating for several years in a high-visibility location in the city. The current owner reports an investment of over $1.5 million to develop the business into its current state.

The lounge area features many amenities, and its own website, a Certificate of Occupancy, and also serves as a venue for cannabis promotional events. The business operates on a 5-year lease with an option for a 5-year extension, providing a unique opportunity to enter or expand in the California cannabis market.

License Features:

• Space: 3,000 square feet
• Showroom: 800 square feet
• Lease: 5-years, with a 5-year option to extend
• Occupancy permit for the lounge
• Book of business included

Included Licenses:

• Retail Storefront
  • Consumption Lounge
• Retail Non-Storefront

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Please note that listings can be sold or withdrawn at any time.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. (1678)