Fully Operational Pre-ICO Cannabis Dispensary & Delivery Business For Sale (Encino, CA) #616

  • $11,900,000

Business Description

This is one of the original Pre-ICO established prior to 2007 Cannabis Dispensaries in LA! The Retail Dispensary is located in Encino, a neighborhood in the San Fernando Valley region (Population 1.75 Million) of Los Angeles, California. This is a turn-key opportunity with both long-term stability and the potential for exponential growth. If you are looking for a flagship store or looking to add to your portfolio, this is a great opportunity for you

In the last six months of 2021 the retailer did $4,932,932 in gross revenues, from both the Retail and Delivery. Having a run rate of $9,865,864 as the Annual Run Rate.

Management and staff members know their roles and expectations that are required of them, so the shop runs like a clock. The dispensary is located in a prosperous neighborhood, which attracts a higher ticket number. Recently, gentrification has been driving more retail foot traffic to the surrounding businesses.

 

2021 Gross Revenues: 

January- $260,612.21

February- $260,612.21

March- $366,053.80

April- $596,838.89

May- $714,963.46

June- $748,940.21

July- $717,830.30

August- $809,177.46

September- $853,626.45

October- $874,876.71

November- $841,269.33

December – $836,154.19

2021 Total- $7,880,955.22

 

Details: 

  • Space: 2,700 SqFt
  • Rent: $8,000/month
  • Long Term Lease In Place
  • 2021 YTD Gross Revenues: +$5M
  • Point of Sale System: Indica Online
  • Freshly Repaved Private Parking: 5 spaces
  • Licenses: Retail & Delivery

Licenses:

  • Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or 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.
  • Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer

 

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: $11,9000,000.00

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 LIC CA# 02077927

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

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: $11,900,000
  • 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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Eric Espinoza, MD
  • Eric Espinoza, MD