Cannabis Microbusiness for Sale

Business Opportunity for Sale
Catylist Listing ID: 30333484
Property Subtypes: Entertainment and Leisure, Health and Medical
Building Size (RSF): See Agent
Sale Price: $2,250,000
Name of Establishment: Desert's Finest Patients' Cooperative
Business Website Address: www.desertsfinest.org
Year Business Established: 2017
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: All Cash
Last Updated: 9/20/2018

Overview / Comments

Open since September 2017
Licensed for Medical and Recreational Dispensary and Cultivation of
Cannabis
City of Desert Hot Springs Dispensary and cultivation permit.
State Medical dispensary/cultivation permit and temporary
recreational permit
Permanent State recreational license pending.
State License for Microbusiness in process. Will be submitted to
State by 9/1/18.
This will allow for distribution and light manufacturing in addition to
dispensing and cultivation.
Letter from City of Desert Hot Springs confirming use as a micro
business once state license received.
APN's # 641-101-005 and 641-101-006
Lease initial term to 2022. Rate $12,500. Some abatements until
12/31/18. Annual 3% increases.
Two Five year extensions with 3% annual increases
Property owner will extend the current lease if desired.
Property is just less than 6000 sq. ft. (Approx $375. Per sq.
ft). Two Stories.
First floor has a dispensary, cultivation area, administration and
storage.
There is an additional area downstairs planned for use as
manufacturing and distribution once licensed.
Second story has a manager’s unit and four additional rooms
currently used for storage. They could be used for propagation, etc.
Grow area has 18 Flowering Gavita double ended 1000 Watt Pro
lights and 13 Veg lights.
Dispensary daily customer count is about 200 – 300 daily. In winter
the highest count is over 500.
POS 420Soft accounting system in place since opening in
September 2017.
Currently about 25000 patients and recreational customers in the
database.
Sale includes all intellectual property.
15 parking spaces and 2 handicapped spaces as well as street
parking.

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Industry Segment: Other Entertainment and Leisure
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,154 34,145 40,979
Median Age: 29.99 32.4 35.04
Households: 5,535 11,294 14,225
The information presented herein is provided as is, without warranty of any kind. Neither Desert Area Commercial Information Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.