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PRICE REDUCED – Exclusive Opportunity for a Jersey City Dispensary License

Jersey City, NJ, USA
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Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale
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Listing ID : 811402

Broker ID : 01788589

Listed On June 21, 2024 View Count 115

Listing Updated February 17, 2025

Status :
ACTIVE
Listing Type :
Businesses For Sale Retail Stores/ Dispensaries

Listing Highlights :

Price :
$350,000(Price Reduced)
Business Overview :
Inventory Included:
No
Accounts Receivable Included:
No
Furniture, Fixtures & Equipment (FF&E) Included:
No
Outstanding Liabilities & Debts:
No
License Details :
License Status:
Local Approval – State Application Pending
License Type:
Recreational/ Adult Use, Medical
License Activities:
Retail / Dispensary , Delivery
Business Location Details :
Business Location:
Leased
Rent:
$15,000
Facility & Tenant Improvements:
Next Steps for Buyers: - Complete the planning application to present before the City Council. - Upon local approval, apply for an annual state license and commence buildout.
Size:
3,900 Sq. Ft.
Utilities:
Electricity, City Water, Sewer, Garbage
Terms :
Financing:
Cash, SBA, Owner Financing
Broker Co-Op:
Yes
NDA Required:
Yes
Company Overview :
Description :
Take advantage of this rare chance to acquire a retail storefront cannabis license in Jersey City, unaffected by the moratorium. This license is tied to a high-visibility location near the busy intersection of Routes 1, 9, and 40, ensuring strong traffic and customer flow. The seller has received a conditional approval from the New Jersey Cannabis Regulatory Commission (CRC), and a zoning approval from the city. Submitted before the April 2023 moratorium, this city application is eligible for further consideration by the City Council for a local resolution of support

Next Steps for Buyers:

– Complete the planning application to present before the City Council.

– Upon local approval, apply for an annual state license and commence buildout.

Highlights

– State License: Eligibility for annual license application upon local resolution approval.

– Local License: Zoning approval secured.

– Local Resolution Eligible: Exempt from current moratorium.

– Tenant Improvements: Seller is finalizing

– Building Size: Approximately 3,900 SF.

– Lease Rate: $5,000/monthly currently.

    – Increases to $15,000/monthly upon receiving COO.

– License Sales Price: $350,000

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