Business Description
Amazing opportunity for a MicroBusiness License in Long Beach (Population of +460K)! The MicroBusiness sits on 11k SqFt and includes a fully operational retail and delivery, and is also licensed for Cultivation, Distribution & Manufacturing. The business is on pace to do $1M in Gross Revenues for 2021. The Real Estate is also included in the Asking Price, representing a greater value!
Long Beach is now known for its favorable tax rates and fair cannabis policies. Long Beach’s local tax rates are 1% of Gross Receipts for Manufacturing, Distribution, Testing and 8% of Gross Receipts for Retail.
Details:
- Space: 11,600 SqFt (Retail is 3,200 SqFt)
- Power: 800 Amps
- Parking Spaces: 10
- Licensed for Retail & Delivery
- Use: Recreational & Medicinal
- Real Estate is Included in Asking Price (Valued between $3M-$4M)
Gross Revenues:
- 2019- $1M
- 2020- $1M
- 2021- $1M
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, cannabis and cannabis products as part of a retail sale.
- Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.
- Cultivation- Growing Cannabis
- 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).
- Distribution- Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.
Asking Price: $5,050,000.00
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE LIC CA# 02091143
If you have any questions Call Drew at (619) 653-0483
Or Email : ceo@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
Business Details
- Price: $5,050,000
- Business Type: Dispensary Retail w/ Delivery, Real Estate Property
- Business Status: Sold
- Location: California
