Fully Operational Cannabis Testing Facility Business For Sale W/ Option To Purchase Real Estate (Bay Area, California) #846

This is a great opportunity for someone that is looking to acquire a Fully Operational Cannabis Testing Facility in the Bay Area. Cannabis Testing labs report product results on a Certificate of Analysis (COA). The COA says whether the product batch passes or fails testing for each substance. All cannabis legally sold in the state of California must first pass compliance testing by a licensed cannabis testing facility.  The business is fully operational with loyal customers, over $1M in equipment invested, and gross revenues of $1.85M YTD for 2022.

The facility sits on a 5k SqFt building that has over $50k invested into the T.Is and buildout. The lab is fully licensed and the owner has an option to purchase the Real Estate. This facility could function as a main large-scale testing facility for the new operator in the California Cannabis Market.

California “Provisional” and temporary licenses sunset on 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.

Details:

• Space: Approx 5,000 SqFt
• Rent: Approx $6,800/ Month
• Lease: Flexible 
• Option to Purchase Real Estate
• Ceiling Height: 8 Ft
• Plenty of Parking
• # of Employees: 10
• Buildout Investment: $50k
• Equipment Purchased: $1M Purchased Brand New
• 2022 Gross Revenues: $1.85M

Licenses:

• Testing Laboratory: Testing Laboratories make sure cannabis goods are safe for consumption. The Department of Cannabis Control (DCC) requires all batches of cannabis goods to be tested before they can be sold. Testing labs test cannabis goods to make sure they’re: Free of contaminants & Labeled with accurate amounts of cannabinoids and terpenes.

Asking Price: $2,500,000.00

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 CA LIC# 02077927

If you have any questions call Eric (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.