Annual Class 5 Cannabis Dispensary Business(Union County, NJ)#1415

Cannabis Annually License Class 5 Dispensary Retail Business For Sale (Union Cou

Just Reduced from $1.89M to $1.3M!!!
Great opportunity for a Cannabis Class 5 Dispensary business in the highly coveted state of New Jersey. The business sits on a substantial 4,500 SqFt facility that has secured full approvals at both the local and state levels. Notably, it holds the elusive Annual License, which is currently in short supply, adding significant value to the proposition.

Having navigated through the complexities of local and state jurisdictions, the current owner now possesses the Annual license, a critical aspect in the cannabis industry. The strategic location of the business, just one block away from the train station, enhances its appeal and accessibility. New Jersey is currently experiencing a surge in demand for cannabis-related opportunities, and this particular venture stands out due to its rare combination of a fully approved facility and the coveted Annual License. The scarcity of such licenses in the state adds to the overall value, making it an attractive prospect for potential buyers. The prime location of the business, combined with the scarcity of Annual Licenses in the state, makes it an ideal opportunity for individuals or entities seeking to expand their presence in the thriving New Jersey cannabis market. This could be particularly appealing for multi-state operators looking for a strategic entry point or those aiming to establish a significant presence in a region with high demand and limited available licenses.



Details:

Space: 4,500 Sq. Ft. (2nd & 3rd Floor Option to Use as Consumption Lounge)
Rent: TBD
Lease: TBD
3 Story Building
Ceiling Height: 12-15ft
Parking Spaces: 11
Class 5 Dispensary License
Issued CRC License & Local Approval
On a Commuter Trail, Located one Block from Train Station & Municipal Parking
Seller Also Open To Selling the Underlying Real Estate
Ready to be Built / Local Permits Have Been Issued (Construction Bids Finalized)
Licenses:

Dispensary 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.


Asking Price: $1,300,000.00 (Seller Open to Offers)