Business Description
This is your chance to acquire a top-tier Pre-ICO cannabis operation, complete with a dispensary, cultivation 10k Canopy, manufacturing, distribution, and delivery licenses, with a full owner absentee ran model. The business is located in Van Nuy’s which is a prominent neighborhood in the middle of the San Fernando Valley, a part of the city of Los Angeles (Population 3.8M+) in Southern California.
Van Nuy’s is a bustling community with a growing demand for cannabis products. As an epicenter of cannabis culture and commerce, this location offers unparalleled access to a vast customer base and limitless potential for growth. This established business boasts an impressive track record, having generated over $7M in gross revenues last year. While the current owners are now focusing on other cannabis assets outside of California, causing sales to drop to a projected $2.6M this year, their original success is a testament to the business’s potential.
Nearly $10M has been invested into this business, ensuring top-of-the-line facilities, equipment, and infrastructure. As a fully owner-absentee operation, this is a turnkey opportunity ready for the new owner to take over.
Key Features:
- Pre-ICO Fully-Licensed Cannabis Business
- Prime Van Nuys Location with Strong Customer Base
- Dispensary, Cultivation 10k SqFt Canopy, Manufacturing, Distribution & Delivery Licenses
- $10M in Capital Invested in the Buildout, Renovations, etc.
- Full Owner-Absentee Operation
Details:Â
- Total Space: +/- 10k SqFt (Retail is 1500 SqFt)
- Rent: $ 21/k Month Includes NNN
- Lease: 5YR Lease w/ (3) 5 YRS
- Capital Invested: $10M
- All Licenses are Individual Issued, PRE-ICO Licenses
- Licenses in Operation: Retail, Delivery, Distribution
- Licenses NOT in Operation- Manufacturing & Cultivation
- 2022 Gross Revenues: $7M
- 2023 Gross Revenues: On Pace $2.6M+
- P.O.S.- Blaze
- Wholesale Inventory: $200k
- Employees: 12-15
- Parking Spots: 20 Total
- Down Payment Required: 80%
- Owner has Approved Power Upgrades to (4) 400 AMPS
- Over $500k Invested into the Retail Aspect Alone
Licenses:
- Retail Storefront-Â 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-Â 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:Â 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:Â 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: $3,900,000.00 (Seller Open to Offers)Â
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 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: $3,900,000
- Business Type: Cultivation, Dispensary Retail w/ Delivery, Distribution, Manufacturing Type 6 NON Volatile, Seller Financing Available
- Business Status: For Sale
- Location: California
- Down Payment Required: $3,000,000.00
- Gross Revenue: $7,000,000.00
- Capital Invested: $10,000,000.00
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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.
