Listing ID : 2430973
Listed On October 23, 2024 3
Listing Updated October 23, 2024
Operational Cannabis Dispensary, Delivery, Cultivation, Manufacturing & Distribution Business For Sale (Los Angeles, California) #1551
Step into a thriving cannabis operation that encompasses retail, manufacturing, cultivation, delivery, and distribution. Established in 2008, this Pre-ICO business has built a solid foundation within the community. In 2023 the business generated $4M in total revenue and is on pace to do do the same in 2024.
The facility spans 3,800 SqFt, featuring a 1,500 SqFt sales floor and a 2,300 SqFt cultivation area with a ceiling height of 10 feet, optimized for plant growth. The business operates with a monthly rent of $9,000, with 3 years remaining on the current lease and options for 2 additional 5-year extensions.
The sale includes essential licenses for retail, delivery, cultivation, manufacturing, and distribution, along with a strong customer base and all assets are included. Seller financing is available with 50% down of the agreed upon purchase price and negotiable terms for the remaining balance. Great opportunity to own a fully vertical operational Pre-ICO business all under one roof in the heart of Los Angeles, the Mecca of the cannabis industry.
Revenues:
2023 Gross Revenues: $4M
Net: Break-Even
2024 YTD Gross Revenues: $3M
Net: Break-Even
Business Details:
Total Space: 3,800 SqFt
Rent: $9,000/Month
Lease: 3 YRS Left w/ (2) 5 YR Options
Ceiling Height: 10 Ft
Licenses: Retail Storefront, Delivery, Cultivation, Manufacturing, Distribution
Assets Included: Dispensary Furnishing, Shelving, Office Furniture, AC’s & Dehumidifiers
Retail:
Number of Employees: 19
POS System: Meadow
Assets included
Operating Since 2008 Pre ICO
Space: 1,500 SqFt
Cultivation:
Canopy Space: 2,300 SqFt
Grow: Has 3 Flower Rooms
Flower Lights: 66
Licenses:
Retail 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, medical cannabis and medical cannabis products as part of a retail sale.
Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Cultivation: Growing cannabis up to 10,000 SqFt Canopy Size.
Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all other cannabis businesses; Manufacturers, Cultivators, Nurseries, Retailers, & Distributors.
Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
Asking Price: $2,500,000.00 (Seller Open to Offers w/ 50% Down)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Tom Milks, DRE CA LIC# 02064305
If you have any questions Call Tom (619) 972-5952
Or Email : tom@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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