Business Description
This opportunity presents an excellent chance for a potential California leading, vertically-integrated Cannabis Business to establish a strong presence within the Southern California market. With a prime location in Van Nuys, which is situated in the San Fernando Valley—a vibrant and dynamic neighborhood with a population of 1.5 million—the business has access to a significant customer base. Furthermore, Los Angeles itself attracts around 50 million visitors annually, offering substantial potential for growth and expansion. The current operations of the business include Retail and Cultivation, which have already proven to be successful. In 2022, the Retail segment alone generated an impressive $4.3 million in gross revenue, and the delivery is averaging $35k/Month! With such a strong performance, there is a clear indication of the business’s potential to continue thriving in 2023. One exciting aspect of this opportunity is the underutilized delivery business. With the proper attention and strategic planning, the new owner can tap into the delivery market, leveraging the growing demand for convenient and discreet cannabis product delivery. This untapped potential provides an avenue for further revenue growth and market reach.
Moreover, the business possesses Manufacturing and Distribution licenses, which are ready for operation by the new owner. These licenses offer additional avenues for expansion, enabling the business to diversify its product offerings and reach a broader customer base. With the ability to manufacture and distribute cannabis products, the business can establish its own branded line of products or collaborate with other brands, strengthening its position in the market. Importantly, it’s worth noting that this is not a MicroBusiness License. Instead, each license use is individually issued, allowing the new owner more flexibility in operating and expanding different aspects of the business. This flexibility grants the ability to tailor operations to maximize revenues and adapt to evolving market demands.
In summary, this opportunity presents a compelling proposition for a vertically-integrated Cannabis Business in California. With a prime location, proven revenue generation, underutilized delivery services, and licenses for manufacturing and distribution, this business has the potential to become a leading player in the Southern California cannabis market. By capitalizing on the market demand, expanding product offerings, and leveraging the existing customer base, the new owner can establish a thriving enterprise with significant growth prospects.
- Space: 4,000 SqFt
- Rent: $9k/Month
- Long Term Lease in Place
- 55 Parking Spots
- Employees: 22
- Budtenders: 14
- Retail Supervisors: 3
- Drivers: 3
- Master Growers: 2
- Cultivation Lights: 66 Lights
- Delivery Avg Gross Revenue: $35k/Month
- Distribution License in place
- Manufacturing License in place
- Business is Running Fully AUTO PILOT
- 2022: $4.3M Gross Revenue
- 2023: On Pace to do over $4M!
- Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical 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, cannabis and cannabis products as part of a retail sale.
- Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer
- Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
- Distribution- Distribution of medical cannabis and medical cannabis products from manufacturer to dispensary. A Type 11 licensee shall hold a Type 12, or transporter, license and register each location where product is stored for the purposes of distribution.
- Cultivation- Growing Cannabis
Asking Price: $3.99M (Seller Open to Offers)
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
Drew Mathews, DRE LIC CA# 02091143
If you have any questions Call Drew at (619) 653-0483
Or Email : ceo@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
Business Details
- Price: $3,990,000
- Business Type: Cultivation, Dispensary Retail w/ Delivery, Distribution, Manufacturing Type 6 NON Volatile, Seller Financing Available
- Business Status: For Sale
- Location: California
- Gross Revenue: $4,300,000.00
