Cannabis Dispensary for Sale in Corona, CA

Posted December 27, 2024 in Cannabis Business Opportunities

Cannabis Dispensary for Sale in Corona, CA:

  • Location: Corona, California
  • Asking Price: $1,999,000
  • Monthly Rent: $23,411.80/Month (NNN)

Description:

This cannabis dispensary for sale is a 6,790-square-foot storefront available for purchase, with the option to include the real estate. Located in a city with a cap of 12 dispensary licenses, the business currently operates as a storefront only but has the potential to add a cannabis delivery service.

The dispensary serves a reported client base of approximately 57,500 individuals, generating gross sales of $3.8 million last year. The purchase includes all inventory, a team of 10 employees, and eight years remaining on the lease, with extension options available.

License Features:

  • Space: 6,790 square feet
  • Rent: $23,411.80/Month (NNN)
  • Lease Term: 8 years remaining, and two 5-year options to extend
  • POS System: Meadow
  • Customers in Database: 74,000
  • Returning Customers: 57,500
  • Employees: 10
  • Option to purchase real estate

Included Licenses:

  • Retail Storefront
  • Retail Non-Storefront (Inactive)

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Please note that listings can be sold or withdrawn at any time.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