Listing ID : 425506
Posted on December 8, 2023 1
Amazing location for anyone looking to expand their Cannabis Retail footprint in Moreno Valley, Ca ( Pop. +200k). The business is located in a great location, right off the freeway that could be seen by all the passing cars. Moreno Valley is located in Riverside County and is part of the San Bernardino-Riverside Metropolitan Area. The city has undergone massive growth and it is the second-largest city in Riverside County by population, and one of the Inland Empires population centers. The business is not operational, but has approved building plans and is inspection stage of construction, representing greater value! The current owner has invested over $350k into the project. This is a clean canvas for any operator that wants to expand their brand presence in the Riverside County market!
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.
Moreno Valley Cannabis Tax: Up to 8% gross receipts from Adult-Use Sales and Medical Sales and 1% gross receipts for testing facilities
Space: 2,400 SqFt
Lease: 2YRs Left (LL Open to Extending Lease)
Assigned Parking: 50+ Parking Spots
Over $350k Invested into the Buildout!
Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
Asking Price: $1.5M (Seller Open to Offers)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Elliot Cardenas, DRE LIC CA #02138336
If you have any questions Call Elliot (619) 770-2699
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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