Acquire a trusted, top-rated New Jersey cannabis brand: an established Somerset County dispensary with a loyal customer base, and a built-out second store in Essex County ready for launch. The Somerset County dispensary generated $4.06M of net sales in its first full year (2024) and brings an established customer base, a 4.9-star average rating and an active loyalty program. The store features on-site parking, curbside pickup, and a broad selection of cannabis products from about 70 brands, providing an operating foundation for a new owner.

The Essex County location offers a completed retail buildout with fixtures, equipment, and security infrastructure already in place. The location is approved to open as a satellite under the Somerset County license, with municipal approval in place. This pre-revenue asset gives a buyer the opportunity to launch a second store with the development work already completed.

Both locations are held under the same company, allowing a buyer to acquire the business through one transaction and operate with a shared brand and back office. The owners are offering 100% of the company, including the adult-use retail license (which also covers the Essex County location), the operating store, the second location and the associated leases, subject to applicable regulatory approvals.

Investment Highlights:

Two stores, one license: The Essex County store opens under the existing license, with no new license application
Room to grow: The license supports one more satellite location, subject to municipal and CRC approval
Turnkey team: A Director of Retail Operations and a tenured store team run the business day to day; the owners handle only banking and taxes
Loyal customers: 14,000+ loyalty members generate about 94% of customer revenue
Costs already reset: Product cost cut from about 51% to under 45% of gross sales in 2026, with no new capital
Market tailwind: Since April 2026, hemp THC products above 0.4 mg per container can be sold only through licensed dispensaries
Brand Reach and Loyalty:

The store’s brand, website, loyalty program and delivery network carry over to the Essex County store
Rated 4.9 stars on Google, Leafly and Weedmaps
Members spend about 4.6 times as much as non-members, and about 90 new members join a week
Same-day delivery within 15 miles of each store
A local-search website with 140+ pages that wins customers in a market where cannabis retailers cannot buy Google or Meta ads
Transaction is offered on a cash-free, debt-free basis with a normal level of working capital.

Asset 1- Operating Somerset County Dispensary:

Space: Approximately 5,500 SqFt
Rent: Approximately $6,800/Month + CAM & Taxes
Lease: Term to February 2028, with Renewal Options
Net Sales: $4.06M in First Full Year (2024)
Established adult-use cannabis retail operation
Existing customer base; loyalty members generate about 94% of customer revenue
4.9-star average rating across major review platforms
Broad product selection from about 70 cannabis brands
Grocery-anchored shopping center drawing 30,000+ shoppers a week
Captures about 1.8 times its fair share of local cannabis sales
On-site parking and dedicated curbside pickup
Online ordering and delivery capabilities
Asset 2- Built-Out Essex County Retail Location:

About 5,000 SqFt
Rent: $15,000/Month  
Lease: 5 Years + 5-Year Renewal Option
Build-out Replacement cost about $1M (Company estimate)
Pre-revenue cannabis retail opportunity
Completed buildout with fixtures, displays, and operating equipment
Installed security cameras, access controls, and network systems
Approved to open under the Somerset County license; municipal approval in place
Downtown location in New Jersey’s largest city (about 324,000 residents), a short walk from a major transit hub
Inside the existing delivery area, so the brand and loyalty base already reach local customers
Opportunity to launch a second location under a shared operating platform
Additional Assets Included in Sale:

Saleable inventory at closing; store fixtures, displays, bud bars, security systems and POS hardware
Dutchie POS, e-commerce, loyalty and SMS systems
Written SOPs for cash, inventory and compliance; trained store team and manager incentive plan
 

License:

Authorizes the purchase of cannabis products from licensed New Jersey suppliers for retail sale to adults age 21 and older. Product categories may include flower, pre-rolls, vapes, edibles, and concentrates. Retailers may offer home delivery with CRC approval or work with a licensed delivery service. Cultivation and manufacturing are not authorized under this license.

Asking Price: Call for Offers Due Nov 20th

Must sign an NDA/Waiver before any other detailed information is released, along with the company’s location. This listing is offered exclusively through Green Life Business Group®, Inc.

Green Life Business Group®, Inc DRE CA LIC #02061374

Eric Espinoza, DRE LIC CA #02077927

If you have any questions, call Eric at (858) 245-6324

Email: broker@glbgroupinc.com

Green Life Business Group®, Inc. helps owners sell, and buyers acquire, cannabis businesses.

Disclaimer: The content of this listing is based solely on information provided by the seller to Green Life Business Group®, Inc. Green Life Business Group®, Inc has not independently verified or confirmed the accuracy, completeness, or reliability of any such information and makes no representation or warranty, express or implied, regarding it. Any party relying on the description or other listing information should conduct its own independent due diligence and verification.