Listing ID : 425398
Posted on December 8, 2023 2
Ranked by National Geographic, Torch Lake is known as the third most beautiful freshwater lake in the world. It’s Caribbean looking waters attract high net worth homeowners, celebrities, and out of state tourists. Torch Lake spans over 50 miles long and the area is surrounded by the chain of lakes boasting thousands of million-dollar homes in the immediate area. This turnkey currently operational and profitable adult use provisioning license opportunity positions the operator as the only store within a 30-minute radius (20 miles), and has significant growth potential for brand development and consumer loyalty.
This license purchase requires a long-term lease within the purchase agreement, or the purchases otherwise has the option to purchase the real estate separately and at the time of the sale of the business license. Inventory must be purchased separately, which can be negotiated at the time of the sale. There is an additional opportunity next door to acquire a consumption license that is available for acquisition in a separate transaction, after the sales of the retail dispensary license.
Additional Licensing Next Door for Consumption Available (Sold Separately)
2022 Gross Sales: $815k
2023 YTD Gross Sales: $585K
Retail + Consumption lounge opportunity
Employees: 5 Part Time Employees
License: Adult Use Retail
Real Estate: Available to Lease or Purchase
Turnkey Ready: Purchase the business to obtain the license with the assurance of a long-term lease with option to purchase real estate.
Michigan allows out of state operators to obtain licensing so this location is perfect for any Multi State operators or multi location operators. This license allows the operator to sell cannabis products to anyone age 21+ and has no restrictions for hours of operation. Provisioning Center (PC): New Michigan legislation set up a framework for the licensing and operating of medical marijuana dispensaries, which Michigan refers to as “provisioning centers,” along with adult-use retail stores. Allows businesses to sell cannabis products directly to consumers.
Asking Price: $500,000.00 (Seller Open to Offers)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Elijah Simkins, MI LIC #P83975
If you have any questions Call Yesenia (858) 633-3013
Or Email: email@example.com
National Affiliate Listings
All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group National Affiliate Program.
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