Cannabis Dispensary Business for Sale in Riverside, CA

Cannabis Dispensary Business for Sale in Riverside, CA:

• Location: Riverside, California
• Asking Price: $2.5M
• Monthly Rent: $13,000/Month (NNN)

Description:

This 5,000-square-foot cannabis facility is located near a major freeway and offers ample parking for customers and employees. The current owners report gross revenues of $4.1 million from January to September, with net revenues totaling $3.1 million during the same period.

The business operates with 23 employees, is fully equipped, and is under a 5-year lease with an option to extend. This facility is a turnkey opportunity for both a storefront dispensary and a cannabis delivery service.

License Features:

• Space: 5,000 square feet
• Rent: $13,000/Month (NNN)
• Lease: 5 year, option to extend
• Employees: 23
• 2024 Jan-Sept Gross Revenues: $4.1M
• 2024 Jan-Sept Net Revenues $3.1M

Included Licenses:

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Please note that listings can be sold or withdrawn at any time.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