Opportunity to acquire a PRE-ICO cannabis dispensary on Ventura Boulevard in Studio City, California. This sought-after shopping and dining corridor offers an attractive setting for a new owner to establish a flagship location, introduce a retail concept, and build brand recognition among neighborhood residents and visitors. The fully built-out, approximately 1,100 SqFt retail space is available at a monthly rent of $7,000. For a buyer entering the cannabis industry, the existing buildout provides a foundation to launch their concept, potentially reducing the time and expense associated with developing a storefront from scratch. The manageable footprint offers room to create a curated shopping experience centered on product selection, customer service, and repeat neighborhood business.

The shop is currently closed and not operational. The state license remains valid, while the local license would need to be renewed before reopening. With the retail buildout already in place, this presents a potential turnkey acquisition opportunity for a buyer prepared to complete the required renewals, approvals, and reopening preparations. Any acquisition and resumption of operations remain subject to verification of the premises and license status and all applicable regulatory requirements. For an established retailer or cannabis brand, the location presents an opportunity to expand into Studio City with an existing retail setup that can be refreshed and tailored to its identity. An operator could use the storefront to showcase its products, introduce customers to its brand, and establish a flagship presence along one of the San Fernando Valley’s recognizable commercial corridors. The surrounding shopping and dining destinations offer opportunities to reach customers already visiting the area and incorporate the store into their regular shopping routines. There may also be an opportunity to apply for an additional parking lot with +10 spaces, subject to approval and availability, potentially enhancing convenience for customers and staff.

Details: 

Space: 1,100 SqFt 
Rent: $7,000/Month 
Lease: TBD
PRE-ICO Cannabis Retail License
State License Currently Active
Business Currently Closed & Not Operational
No Product Inventory Included
Potential to Apply for an Additional Parking Lot +10 Spaces
Licenses:

Retail Storefront License: 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. The license may also authorize delivery of medical cannabis and medical cannabis products as part of a retail sale, pursuant to applicable local ordinances and regulations.
 

Asking Price: $350,000.00 (Seller Open to Offers)

Must sign an NDA/Waiver 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

Eric Espinoza, DRE LIC CA #02077927

If you have any questions Call Eric at (858) 245-6324 

Email: broker@glbgroupinc.com

Green Life Business Group® Inc. we are here to both help you sell or buy a cannabis business opportunity.

Disclaimer: The content of this listing is based solely on information provided by the seller to Green Life Business Group®, Inc. Green Life Business Group®,  Inc has not independently verified or confirmed the accuracy, completeness, or reliability of any such information and makes no representation or warranty, express or implied, regarding it. Any party relying on the description or other listing information should conduct its own independent due diligence and verification.