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New York City Dispensary in Queens with Very High Foot Traffic

South Richmond Hill, Queens, NY, USA
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Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 866394

Listed On February 28, 2025 View Count 111

Listing Updated February 28, 2025

Price :
$2,000,000
Business Overview :
Year Established:
2024
Inventory Included:
No
Accounts Receivable Included:
No
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Outstanding Liabilities & Debts:
No
License Details :
License Status:
Active – Current (Social Equity)
License Type:
Recreational/ Adult Use
License Activities:
Retail / Dispensary
Business Location Details :
Business Location:
Leased
Rent:
$11,000
Facility & Tenant Improvements:
1,900 sq. ft. ground floor and 800 sq. ft. basement are leased at $11,000 per month NNN for five years, with 3% annual escalations. Three (3) five year options to renew. Build out expected to be complete in January 2025
Utilities:
Electricity, City Water, Sewer, Garbage
Terms :
Financing:
Owner Financing
Broker Co-Op:
Yes
NDA Required:
Yes
Support & Training Offered:
Seller can assist in a transition of the business to Buyer.
Company Overview :
Description :

This Licensed Dispensary is located in South Richmond Hill, Queens, at the busiest intersection of this diverse and vibrant neighborhood. There is very heavy retail foot traffic in this bustling location, with the last stop for A Train Subway stop a block away and a bus stop in front of the business. Public transportation is plentiful for residents and commuters, along with close proximity to JFK airport. The build out of the dispensary is partially completed, with all electrical and plumbing up to code. The remaining build out work, such as painting, flooring, shelves and light fixtures, for which no additional permitting is needed, would need to be completed by Buyer, at a modest cost. The price is for 100% of the business and the license, including a social equity component.  Seller is amenable to financing a portion of the purchase with a credit worthy note.  NDA and POF required.

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