Property Description
Listing #4945
Asking Price: $1,400,000
WeCann is pleased to present this fantastic opportunity to purchase a turnkey, fully operational cannabis retail storefront business in the city of Maywood, CA. The business has been open for approximately five years and has developed a loyal customer following. It is located on a busy street with strong traffic counts and currently serves about 250 customers daily.
- Located off a main throughway
- Approximately 30,000 car count
- Great foot traffic
- Upside in revenue
- Current operator is making very few deliveries, if any
- Gross Revenue on track for $2,714,892 for the 2024 year, without excise and sales tax, reflecting a 1.94x Gross Revenue Multiplier
- Long term lease in place that buyer will assume
- Approximately 800 SF Unit
- Monthly Rent: $7,000
- Limited competition
- Neighboring cities do not have any cannabis dispensaries or delivery businesses
- Maywood has only approved 5 retail licenses, of which only 4 are still valid
Meilad Rafiei – License# 01788589 – WeCann
Ryan Dowse – License# 02074994 – WeCann
Documents
Property Id: 36949
Price: $ 1,400,000
Property Size: 800 ft2
Property Status: active
