Fully Operational Cannabis Retail & Delivery Business For Sale Off La Brea W/ Plenty of Parking (Los Angeles, CA) #740

  • $3,950,000
For Sale
  • $3,950,000

Business Description

Unique opportunity to acquire a Fully Operational Retail & Delivery Cannabis business located in the Mecca of the Cannabis Industry Los Angeles County (Population of +4M). The business is located in a busy intersection with over 72,000 VPD (Vehicles Per Day), signage on both sides of the road and has the right to 3 Billboards located on the property. In 2021 the business did $4.4M in Gross Revenues and is on pace to do $3.3M (Does not Include City Tax) in 2022, all from the Retail outlet alone! Currently the business is not utilizing the Delivery outlet, which Deliveries are allowed to deliver to all of California! The simplicity of home delivery provides the convenience that many consumers and patients appreciate with the benefit of quality cannabis products. Cannabis delivery businesses play a critical role in the state and have now been labeled an essential business, creating a large demand for more.

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.

Revenues: 

  • 2021 Gross Revenues: $4.4M
  • 2022 Projected Gross Revenues: $3.3M (Does not Include City Tax)

Details:

  • Space: 1,900 SqFt (Could be Doubled) 
  • Rent: $7,600 /Month
  • Lease: 5 YR Lease 
  • Wholesale Inventory: $200k
  • Buildout & Fixtures: $300k
  • Very Motivated Seller
  • Assigned Parking: 10+
  • Employees: 11
  • POS: Leaflogix
  • Business is Located in a Major Intersection
  • Monthly Avg Revenues: $275k/Month

License:

  • 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: $3,950,000.00 (Seller Open to Offers) 

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

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: $3,950,000
  • Business Type: Dispensary Retail w/ Delivery, Retail
  • 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