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Licensed Cannabis Turn-Key Business (Seller Financing Available!)

Los Angeles, CA (Los Angeles County)

Retail Cannabis Dispensary
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Asking Price: $8,250,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $3,000,000*

Established: 2006

*not included in asking price.

Licensed Cannabis Turn-Key Business (Seller Financing Available!)

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Business Description

Cannabis Retail, Delivery, Distribution, Manufacturing in Los Angeles

Seller Financing available! $6M Down, $2.25M over one year.

We are presenting an unique and irresistible opportunity to acquire Licensed & Turn-Key Cannabis Businesses in the prime Los Angeles location. A Microbusiness license that encompasses Retail, Delivery, Distribution, and Manufacturing (both Medical and Adult-use)!

The retail dispensary has garnered a large customer base (50,000+ customers in database) since 2006. The dispensary and delivery alone reached $359k+ in March, $338k+ in April and the average steadily increasing every year. The delivery sector has only been implemented for about month and the company already seeing an increase in the number of orders, it has the potential to add an average of $2M+ gross revenue per year. The Distribution and Manufacturing sector has launched its house brand and has been the best seller at the dispensary. Once the company heads the distribution with full force and reaches out to outside sources / dispensaries, the potential is endless. The manufacturing and distribution can gross another $2M+ per year in addition to the dispensary’s current $4M revenue. In realistic perspective, the businesses at this location can gross over $8Million in the next year! The entire staff, including managers and master lab technician can stay on board. They have been fully trained in their respective fields for years, some have been with the company for over 5 years. Thus, the business functions like a “well-oiled machine”. However, the seller is open to negotiating staying on short-term for training or long-term for managing upon request.

Building is 3791sqft + large basement area for storage (8569sqft Lot). A beautiful stand-alone building with ample parking spaces in the private, gated lot in addition to plenty of street parking. Rent: $15,500 + NNN (long term lease available / property also available for sale). The potential of owning their own building that the dispensary will operate is a great asset in the long-term. If not, the building owner, the current operator understands the needs of the business and will cooperate to foster the business to the best of their abilities.

The market value for similar licenses (not including business, turning zero revenue) is around 5/5.5M. The long history and the brand that the company has built is a great asset. The fully trained staff, all inventory, SOP/MOP, customer base, business contacts are all included within the price.

Detailed Information

Location:
Los Angeles, CA
Real Estate:
Owned
Not included in asking price
Building SF:
3,791
Employees:
20
Financing:
Sale of property is optional with the purchase of the business / license.
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Business Listed By:
Edith C.

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