Business Description
This is a great opportunity for someone that is looking to add a Manufacturing and Distribution hub in one of the most desired markets in California, Los Angeles CA! Currently the owner has local & state approvals for both Manufacturing Type 6 & Distribution. The property is about 4400 SqFt SqFt and has a container fully equipped with AC & electricity thats an additional 200 SqFt. totaling 1,400 SqFt of usable space. The business is semi operational but the owner is looking to sell at license value. The lease is to be negotiated with potential interested buyers depending on length and terms.
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.
Details:
- Property: ≈4,200 SqFt (Unit Space. 1,400 SqFt)
- Rent: $2.50 SqFt
- Lease: Negotiable
- $10k Worth Storage Container (200 SqFt) with AC & Electricity Included
- Fully Licensed by the Local & State
License:
- 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 medical cannabis and medical cannabis products from manufacturer to dispensary. A Type 11 licensee shall hold a Type 12, or transporter, license and register each location where product is stored for the purposes of distribution.
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: $400,000.00 (Seller Open to Offers)
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
Eric Espinoza DRE CA LIC#02077927 & Elliot Cardenas, DRE CA LIC# 02138336
If you have any questions call Eric (858) 245-6324 or Elliot 619-770-2699
Email: eespinoza@glbgroupinc.com or elliot@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
Business Details
- Price: $400,000
- Business Type: Distribution, Manufacturing Type 6 NON Volatile
- Business Status: Sold
- Location: California
