This cannabis dispensary for sale is the only Recreational LA Dispensary for sale on the market !!! The new operator that seizes this opportunity would be able to dominate the Los Angeles cannabis market with the 10 Licenses it possesses. Medical/Adult Use for Retail, Cultivation, Delivery, Manufacturing & Distribution. The Manufacturing License is a Type 6 and the Cultivation can be up to 22,000sqft. This opportunity does not come often especially in the most sought after cannabis market in the world. Why spend the next couple of years and capitol looking for properties that meet the approved zones, applying for licenses, jump through the hoops of the ever changing cannabis regulations to take a risk of maybe obtaining a license? Even if you are able to obtain a license by then, you still have to compete in the aggressive LA market who had a mile head start vs everyone else getting in after 2018. Here we have a well known established dispensary that was formed in 2006 and has been in operation since. This shop has Medical and Adult Use licenses for Retail, Cultivation, Delivery, Manufacturing and Distribution totaling 10 Licenses ! It currently grosses 3.3mil a year and nets $960,000/year. The shop sees an average of 240 patients a day, has a 5 star rating on Weedmaps (#1 form of Marketing in the industry) and over 70 Strains to offer. It comes with $720,000 in wholesale inventory along with 7 highly trained seasoned staff employees. The shop has two separate buildings with 24hr security. This is the only Recreational Dispensary for sale in Los Angeles !!!
There are two options to move forward on this opportunity: Option 1- $7,000,000.00 for the Business and all its licenses along with a 5-10 year lease at $3 a square foot. (60% Down)
Option 2- $9,000,000.00 for the Business, licenses and the property. (50% Down)
Reason for Selling: Owner Health Issues
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
Green Life Business Group, Inc DRE CA LIC# 02061374
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.