Business Description
Amazing opportunity for anyone that is looking to expand their Cannabis Cultivation footprint in the heart of the Cannabis Mecca of the World, Los Angeles CA. The business sits in a 11k SqFt building, the owner has put in over $1M into the buildout making this a truly turn key operation with the ability to expand. There is 5,400 Sq Ft of built out canopy with 90 flower lights & 15 veg lights ready to be utilized and another 5,600 Sq Ft of space that can be expanded into to maximize the 10k Sq Ft of allowed Canopy. The additional space would allow for another 150 lights to be added. The owner has both local AND state general licenses (Non-Social Equity) in hand for this Cultivation.
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2021. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.
Details:
- License: Cultivation Specialty Indoor – 10k Sq Ft allowed canopy
- Space: 5,400k SqFt of Built Out Canopy (An additional 5,600 SqFt can be added for a total of 11k Sq Ft)
- Lease: 3Yrs (Landlord Open to Long Term Lease)
- LL Open to Negotiating rent grace period on remaining 5,600 Sq Ft during build-out ($4,000k additional once completed)
- Power: 600 AMPs 240V 3 Phase (Could add Additional 600 AMPs)
- No Liabilities
- Lights: LED 90 Flower Lights (30-30-30) & 15 Veg Lights (w/the additional 5,600 sq ft, operator can add 150 lights)
- Ceiling Height: 10 Feet
- Over $1M invested into Buildout
- Central City Community Plan
- (9) 5 Ton Brand New AC units
- (1) Roll-Up Door
- ALL equipment is included and brand new
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: $1,600,000.00
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
Yesenia Jimenez, DRE LIC CA# 02073168
If you have any questions Call Yesenia at (858) 633-3013
Email: asm@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
Business Details
- Price: $1,600,000
- Business Type: Cultivation
- Business Status: For Sale
- Location: California
