Opportunity Overview
This listing represents a rare chance to acquire a retail cannabis dispensary with full municipal approval in Jersey City, New Jersey. With only 14 operating dispensaries in the municipality and no further applications being accepted, this is a unique opportunity for those looking to establish a foothold in a premium, high-traffic area. The store is fully licensed, with operations set to begin in the coming months. The new owner will have the flexibility to manage the build-out and potentially convert the space into a consumption lounge once those licenses are available.
Property and Business Details
Location: Centrally located in Jersey City, a premium area with high foot traffic.
Condition: The buyer will be responsible for completing the build-out, and all operational costs associated with running the business.
Size: >4,500 sq ft retail space, with the potential for a future consumption lounge.
Ownership Structure: Limited Liability Company with simple ownership structure, ready for a smooth sale.
Price: $3 million, negotiable. Leased property with a base rent of $25,000/month, plus taxes, fees, and maintenance estimated to be an additional $6,000 monthly.
Parking: Transit and pedestrian-friendly area with excellent street exposure.
Foot Traffic: Located in a bustling area with consistently high pedestrian traffic.
Key Business Information
License Status: Conditional Class 5 License holder, Conditional Conversion application submitted.
Municipal Approvals: Jersey City Cannabis Control Board (CCB), Planning Board, and full City Council approvals secured, and building permits have been pulled. As a result of the space, location, and existing municipal ordinances, this location has the potential to expand operations into a consumption lounge. With a secured location and municipal resolution, this opportunity will not last long.
Contact Us
If you are interested in this investment opportunity or wish to learn more about this LLC, please reach out to CannDelta via email (sales@canndelta.com) or phone.
+1 (877) 274 6777
