Business Description
$125k Down Gets you in the Door!!!
This exceptional opportunity is perfect for any public or private company looking to enhance its market presence by incorporating additional delivery hubs into its operations. The business in question is situated within Los Angeles County, which boasts a population of over 3.8 million residents, offering vast potential for market growth.
The current owner has already secured local and state approvals, and possesses a Provisional license from the Department of Cannabis Control. This represents significant added value for any potential buyer, as it simplifies the acquisition process and ensures regulatory compliance. The business operates out of a 2,700 square foot facility, with a favorable long-term lease agreement in place for five years, along with an option to renew for an additional five years. The monthly rent for this facility is a highly competitive $3,500, which helps to keep overhead costs manageable. As a fully operational business, it is currently generating an impressive $40,000 per month in revenue. The sale of the business includes all assets as well as the existing book of business, ensuring a smooth transition for the new owner and allowing them to benefit from the established customer base.
In summary, this opportunity provides the perfect platform for a company looking to expand its market presence and capitalize on the thriving Los Angeles County demographic. The combination of an established business, favorable lease terms, and necessary licensing creates a turnkey solution for any organization seeking to enhance its operations in the cannabis delivery sector.
Cannabis Businesses were labeled as essential businesses back in March of 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.
Details:
- Space: 2,700 SqFt
- Rent: $3,500/Month
- Lease: 5 YRs w/ 5YR Option
- Parking Spaces: 6 +
- Fully Built Out & Licensed
- License Type: Non-Storefront Retail
- State License Type: Provisional
- Recreational & Medicinal Use
Licenses:
- 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.
Asking Price: $220,000.00 ($125k Down Gets You In!!!)
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
Tom Milks, DRE CA LIC# 02064305
If you have any questions call Tom (619) 972-5952
Email: tom@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
Business Details
- Price: $220,000
- Business Type: Delivery Retail Only, Seller Financing Available
- Business Status: Pending
- Location: California
- Down Payment Required: $125,000.00
- Gross Revenue: $400,000.00
- Capital Invested: $100,000.00
