Fully Licensed Cannabis Manufacturing Type 7 Business For Sale (Long Beach, California) #778

  • $2,900,000

Business Description

This fully built out and equipped Manufacturing Type 7 business is located in Long Beach, CA (Population 462k). The current owners have put in $3M in the buildout, T.I.s & equipment making this a turn key operation for the new owner. Currently the business is not operational, and has both local and state (Provisional) licenses in hand, ready to operate. The building is also zoned for Distribution which the new owner could apply for. The license in hand is for Manufacturing Type 7, know as Volatile extraction licenses are difficult to obtain due to so many cities restricting its use, however Volatile extraction is the most efficient and speedy way of extracting cannabis.

Long Beach’s local tax rates are 1% of Gross Receipts for Manufacturing, Distribution, Testing, $13.20 per Square Foot under Cultivation &  8% of Gross Receipts for Retail.

California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state provisional license.

Details: 

  • Space: 4,800k SqFt
  • Rent: $13k/Month
  • Lease: 5YR w/ 5 YR Option
  • Power: 3 Phase 400 AMPs & One Single Phase 200 AMPs
  • Parking Spaces: 9
  • Building is Zoned for Distribution
  • Buildout Cost & Equipment: $3M
  • Not Operational
  • Manufacturing Type 7: Volatile Solvent Extraction i.e. LHE/BHO; and everything allowed w/ Type 6, Type N, and Type P Manufacturing Licenses. With a Type 7 you can register your location for shared-use.

 

Asking Price:  $2,900,000.00

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Or Email : eespinoza@glbgroupinc.com

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

Business Details

  • Price: $2,900,000
  • Business Type: Manufacturing Type 7 Volatile
  • 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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Eric Espinoza, Broker
  • Eric Espinoza, Broker