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:
December – $836,154.19
2021 Total- $7,880,955.22
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
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.