Unique opportunity to acquire two businesses in the highly demanded market of Los Angeles County. These businesses are currently being sold as a bundle. The retail storefront and delivery business are in separate locations from the multi license business all within Los Angeles County. The business sits on a 5,000 SqFt facility that is licensed both at the local and state level for Cultivation, Manufacturing and Distribution. The current owner spent approximately $1M on extraction equipment that is included in the sale of the business. The retail also includes $100K worth of inventory and the current owner is also open to selling the Real Estate. The retail business has been at this location since 2006 making this opportunity one of Los Angeles Counties original cannabis businesses! This is a great opportunity for someone who is looking to expand their footprint in one of California’s Massive Cannabis Markets while also taking advantage of the very nearby major markets or someone who is looking to enter the industry into an established business.
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.
Retail Shop Details:
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: $6,900,000.00
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
Drew Mathews, DRE CA LIC# 02091143
If you have any questions call Drew (619) 653-0483
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.