City of Los Angeles Cannabis Retail & Delivery Business For Sale #592

  • $5,900,000

Business Description

Great opportunity to acquire a Cannabis Retail & Delivery business in a PRIME LOCATION In the Middle of West Hollywood and Koreatown!!! The City of Los Angeles has a population 3.967 million residents, making it the Mecca of the Cannabis Industry in California. The business is not operational, but has undergone a $1.2M buildout by the current owner. The new owner would have to continue the process to get it operational. The business is licensed for retail and delivery cannabis sales, the delivery could make deliveries anywhere in the State of California as far as logistically possible.

 

Details: 
  • Space: 2,100 SqFt
  • Rent: $22,000/Month
  • $1.2M has already been put into the BuildOut
  • Use: Recreational & Medicinal

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.

 

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this. 

 

Asking Price: $5.9M (Seller Financing Available)

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

Drew Mathews, DRE CA LIC# 02091143

If you have any questions call Drew (619) 653-0483

Email: ceo@glbgroupinc.com

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

Business Details

  • Price: $5,900,000
  • Business Type: Dispensary Retail w/ Delivery
  • Business Status: For Sale
  • Location: California
Green Life Business Group, Inc DRE CA LIC# 02061374
Pictures shown are for illustrative purposes only and do not represent the actual business, unless otherwise noted.

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Drew Mathews, CEO
  • Drew Mathews, CEO